After taking environmental protection and limiting production policies across China in the beginning of the end of July, the shortage of upstream billet resources led to a rapid increase in the price of square billets and tube billets.
From the current market price of seamless pipes, due to the poor market in the steel market and the poor sales volume, the slow-moving or slow sales of traders' stocks caused the market prices to not immediately follow the upstream pipe plant resources.
It was expected to enter the market peak season in mid-to-late September. After the stocks were sold out and the new seamless pipes were purchased, the market price of seamless pipes would increase significantly.
