Looking back at the seamless steel pipe market in 2019, domestic consumption has generally performed well. Real estate is the main force for the increase in steel use in 2019. Demand is higher than expected, and the prices of steel products have clearly differentiated. For raw materials, the price of iron ore was greatly affected by the dam breach in Brazil's Vale and the hurricane in Australia, and the profit of steel mills fell sharply.

In 2020, the driving force of China's seamless steel pipe market is expected to be on the demand side. Although the domestic economic growth continues to be under downward pressure, the increase in counter-cyclical adjustment will make the role of infrastructure in supporting the economy more obvious. Demand for seamless steel pipes is strongly supported. 2020 is the peak period for the production capacity replacement of seamless steel pipe industry. It is expected that there will be an increase in the supply of seamless steel pipe, the market supply will be loose, and the profit of seamless steel pipe industry will continue to remain at a low level.

Changsha Xiangjia Metal Materical Co., Ltd. the Steel Pipe Division of ADTO GROUP, is one of the leading manufacturers of steel pipe in China. We specializes in manufacturing seamless steel pipe, ERW steel pipe, square & rectangular steel pipe, OCTG pipe, ect. in various grades and sizes. We will keep an eye on the steel market.