The Decline in the Manufacturing Boom Has Weakened the Import Demand for 2507, Alloyc276, Alloy800h and Other Nickel Alloy Seamless Pipes

The decline in output outside of China remained large. In the EU and other European countries, due to high energy prices and insufficient power supply, the cost of raw materials has soared, and the production of Inconel600, hastelloyC276, Monel400, and incoloy800H stainless steel seamless pipes has been greatly restricted. In September, crude steel output still showed a year-on-year decrease of more than 10%; EU In September, the year-on-year decline was 16.7%, an increase of 3.4 percentage points from the previous month; the crude steel output of other European countries in September fell by 18.6% year-on-year, the decline was the same as the previous month. At the same time, the output of 2507 stainless steel seamless pipes in Ukraine, Russia and other CIS countries continued to decline sharply year-on-year, but the year-on-year decline narrowed by 0.5 percentage points from the previous month.

At present, the international Inconel600, hastelloyC276, Monel400, incoloy800H stainless steel seamless pipe market is showing a trend of rising supply and weak demand, inflation pressure in major developed countries in the world is still high, central banks continue to raise interest rates to deal with inflation, systemic economic and financial risks continue to accumulate, the global economy The pressure of demand contraction is increasing, especially since the third quarter, the accelerated decline of European and American manufacturing industries has aroused concerns from all walks of life that the global economy has entered a recession, and the international 2507 stainless steel seamless pipe market demand is expected to weaken further in the fourth quarter.

My country's steel export price quotation advantages continue to reflect.

Since October, with the significant reduction in the export price of my country's 2507 stainless steel seamless pipe, the advantage of steel export quotations has emerged.

My country's steel industry export order index shrinks significantly.

From the perspective of export orders, the downward pressure on overseas manufacturing has spread to my country's steel export order index. In October, my country's steel industry's new export orders dropped significantly. Among them, the new export order index of steel enterprises surveyed by the China Federation of Iron and Steel Logistics Professional Committee fell by 5.1 points. percentage points to 47.7%, falling back into contraction territory again.

In the later period, the export of steel products may drop from the previous month and increase year-on-year.

At present, my country's 2507 stainless steel seamless pipe exports have fallen for four consecutive months from the end of the month, showing a rebounding trend. With the decline of my country's steel export price, my country's steel export price advantage continues to appear, superimposed on the depreciation of the RMB against the US dollar, which further expands the export price advantage; but under the influence of the gradual slowdown of the overseas economy, Inconel600, hastelloyC276, Monel400, incoloy800H stainless steel seamless pipe Demand has weakened, and my country's steel export order index has dropped significantly. It is expected that my country's steel export volume will still be under pressure to slow down month-on-month, but due to the low base in the previous year, the monthly steel export volume in the later period is still expected to maintain a positive growth year-on-year.

In terms of imports, the average price of my country's steel imports ended the downward trend for three consecutive months, and showed a rebound in October; the current domestic manufacturing production index has fallen back to the contraction range, the manufacturing boom has declined, and the demand for steel imports has weakened. The import volume of 2507 stainless steel seamless pipe remained at a low level.