Favorable Factors:
1. Falling steel stocks, very low supply pressure
2. Seasonal demand up, steady exports, better market mood
3. Limited steel output growth, raw costs lock in a price floor
Adverse Factors:
1. Peak demand misses expectations, weak real estate drags demand
2. Mills overproduce, growing inventory pressure ahead
3. Weaker raw cost support: coke hikes stalled, iron ore down
4. Global tensions & economic unknowns keep market cautious, overcapacity limits gains
Outlook:
Apr 6-10: China’s USD FOB steel pipe prices will swing in a tight range with a mild soft bias. Costs and falling stocks prop up prices, while overproduction, weaker cost support and risks block big gains.
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