Favorable Factors:
1. Raw material costs are climbing, as upstream billet and hot-rolled strip prices continue to trend upward, providing strong cost support for pipe manufacturers.
2. Market sentiment is getting a boost from mainstream product price hikes, giving mills the confidence to hold and push up their quotations.
Adverse Factors:
1. End-user demand remains sluggish, with downstream buyers sticking to just-in-time purchasing and overall transaction volumes staying thin.
2. Traders are operating cautiously due to high inventory pressure and a supply-heavy market, prioritizing destocking over aggressive price increases.
Outlook:
ERW black steel pipe FOB prices are expected to edge higher this week. While rising raw material costs will keep pushing the price floor upward, the lack of robust end-user demand means any upward movement will likely be moderate and closely watched by cautious market participants.
Need this week’s prices for your specification? CREATEEL supplies ERW pipe, seamless pipe, SSAW/LSAW pipe, and galvanized pipe with 24-hour spot quotations and full Mill Test Certificates.
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