Favorable Factors:
1. Steel production is currently at a low level.
2. The exchange rate of USD/CNY is going down.
Adverse Factors:
1. Market demand remains weak.
Outlook:
In summary, Chinese FOB steel prices in USD are expected to remain stable this week (Feb 24 – Feb 27), with only minor fluctuations anticipated.
What This Means for Steel Pipe Buyers
For procurement teams planning orders this week, the stay largely stable outlook suggests a stable window for placing bookings. Cost support from raw materials means mills are unlikely to concede much on quoted prices, while weak end-user demand keeps sellers motivated to negotiate on volume orders.
Segment Overview
- Welded pipe (ERW/LSAW/SSAW): Strip steel costs continue to anchor mill quotes. Buyers with flexible delivery windows can still secure favorable terms on bulk volumes. See our ERW steel pipe range for current specifications.
- Seamless pipe: Billet availability and energy costs remain the main pricing levers. Lead times are holding at normal levels for standard sizes. Browse seamless steel pipe options.
- Coated pipe: Coating material costs (zinc, PE/PP powders) add a modest premium this week. For projects with corrosion requirements, compare galvanized steel pipe and 3PE coated pipe options.
Procurement Tips for This Week
- Lock in prices for near-term shipments while the market moves moderately.
- Confirm specifications and standards (API 5L, ASTM A53, EN 10219) before quoting to avoid re-price risk.
- For large projects, request a validity period of at least 7-10 days on quotations.
Need an updated quotation based on this week’s market? Contact our sales team for a same-day offer on ERW, seamless, and coated steel pipes.
Not sure which standard or size class to order? CREATEEL exports carbon and stainless steel welded and seamless pipe to API, ASTM, EN and GB standards — send us your specification, we quote the right class. Get a quote.
