Favorable Factors:
1. Steel billet prices showed signs of stabilization recently, providing a temporary floor for raw material costs.
2. Some local pipe mills maintained steady output prices despite broader market declines, indicating a reluctance to aggressively cut margins.
Adverse Factors:
1. The traditional off-season continues to weigh heavily on downstream demand, with end-users only purchasing on a strict as-needed basis.
2. Raw material costs for hot-rolled strip and steel billets have been trending downward, weakening the cost support for finished pipes.
3. Market sentiment remains cautious, leading to slow inventory turnover and increasing stockpiling pressure among traders.
Outlook:
Given the persistent weak demand and fading cost support, ERW black steel pipe prices are likely to remain under pressure in the near term, with the overall market trend pointing downward.
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