Analysis of changes in steel pipe demand structure under the background of economic kinetic energy conversion

As the "blood vessels" of industry, steel pipes are an indispensable steel product in the market. The production and demand of steel pipes have begun to develop rapidly since the reform and opening up. As we enter the era of high-quality development, the production and apparent consumption of steel pipes have shown a certain shrinkage. After three years of epidemic prevention and control, the production and consumption of steel pipes have both increased. Big impact. As the first year of optimization of epidemic prevention and control, 2023 has high hopes from the market. However, the market feedback that actual demand has not arrived as expected. The demand for steel pipes has a significant impact on the background of the sluggish real estate industry. However, demand performance in steel structures, automobiles, and exports, etc. The data reflects that the overall apparent consumption of steel pipes has not declined significantly, but the demand structure has clearly differentiated, deviating from market feedback.

In recent years, affected by the epidemic and geopolitics, the global economy has entered a downward cycle. Domestic net exports of steel pipes have fluctuated greatly, and steel pipes are mostly exported to low-end products, while high-end products still need to be imported. In addition, domestic export Steel Pipe trade is also frequently subject to anti-dumping measures from other countries, and anti-dumping has had a greater impact on steel pipe exports. Against the background of export restrictions in recent years, the year-on-year export data of welded pipes and seamless pipes in 2023 has been outstanding. From January to June 2023, China's cumulative net exports of seamless pipes were 2.9449 million tons, a year-on-year increase of 53.93%; from January to June 2023, China's cumulative net exports of welded pipes were 2.0872 million tons, a year-on-year increase of 25.68%.

According to customs data, the regions that import the most steel pipes from my country are still Asia and Africa. With the development of the country's "One Belt, One Road" strategy, the steel pipe export market still has considerable room for growth. It is worth noting that in the second half of 2023, the domestic economy will grow steadily with policy support, which will provide good support for the RMB exchange rate. In addition, the Federal Reserve is coming to an end, and the weakening of the US dollar value caused by high inflation may be reflected in the second half of the year, and the RMB will also be relatively As the U.S. dollar appreciates, steel pipe exports may be affected by the appreciation of the RMB in the second half of the year.

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