Steel pipe exports grow against the trend; the international trade pattern undergoes profound adjustment
2025-03-24
Export volume reaches the second highest level in ten years
In 2024, China's steel export performance was strong, exceeding the total amount in 2016 and reaching the second highest level in the past decade. The export scale of welded pipes continued to expand, with a year-on-year increase of 20.78%, mainly exported to Southeast Asia, the Middle East and other countries along the "Belt and Road". Customs data shows that the cumulative net export volume from January to December reached 5.2542 million tons, a year-on-year increase of 21%.
Price trend: low in the beginning, high later
Affected by domestic and foreign policies, the Price of welded steel pipes in 2025 is expected to show a trend of "low in the beginning, high later". The Price range in the first half of the year will be 3000-3700 yuan/ton, and it may rise to 3100-3900 yuan/ton in the second half of the year. Loose monetary policy and adjustments in supply and demand will lead to a narrower Price fluctuation compared to 2024.
Capacity utilization remains low
In 2024, China's welded steel pipe production was 60.507 million tons, down 7.9% year-on-year, with a capacity utilization rate of only 55%. Mainstream pipe plants in the Tianjin-Hebei region reduced production by 14%, accounting for 73.9% of the national reduction. Although export growth has eased some supply pressure, the problem of insufficient domestic market demand still needs attention.
Geopolitics reshapes trade patterns
The EU Carbon Border Adjustment Mechanism (CBAM) increases export costs by about 8%, forcing enterprises to accelerate low-carbon transformation. Demand in Southeast Asia and the Middle East has increased significantly, and oil and gas field development projects in the Middle East have led to a surge in exports of oil casing pipes. Enterprises are circumventing trade barriers by building factories overseas (such as the Shagang Indonesia base). It is estimated that the proportion of overseas revenue will increase from 18% to 25% in 2027.
Typical Application Scenarios of Steel Pipes
2025-03-24
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