China’s steel pipe industry has broad prospects for development

After nearly 20 years of rapid development, China's steel pipe industry has reached the world's advanced level in terms of output, quality, type, technical level and production equipment. Steel pipes are mainly divided into carbon steel seamless steel pipes, alloy seamless steel pipes, welded steel pipes, oxygen blowing pipes, special-shaped steel pipes for machinery, etc. In the increasingly competitive environment of the steel industry, China's steel pipe market is facing opportunities and challenges.

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Analysts in the building materials industry pointed out that at present, China's steel pipe market has a broad application prospect, mainly in the following six areas: first, the application of oil and gas to steel pipes; The second is the application of urban gas to steel pipes; The third is the application of steel pipes in urban construction, water conservancy, power and other projects; Fourth, the application of oil casing to steel pipe; The fifth is the application of heating boilers and household appliances to steel pipes; The sixth is the application of steel pipes in stations and terminals.

In the first half of 2022, China's steel pipe production still maintained a rapid growth trend, reaching 30.04 million tons, including 12.704 million tons of seamless steel pipe, an increase of 12.4% over the same period last year; The output of welded steel pipes was 17.5 million tons, an increase of 25.3% over the same period last year. According to the production forecast in the first half of the year, the annual production of steel pipes will reach 60 million tons in 2022, of which the production of seamless steel pipes and welded steel pipes will reach 25 million tons and 35 million tons respectively. It can be seen that the demand of steel pipe market also shows an upward trend, and the demand of welded steel pipe is larger than that of seamless steel pipe.

In the second half of 2022, the growth rate of China's steel market will weaken, mainly facing four major problems: the slowdown in the growth rate of output, the prominent structural contradictions of products, the rise in the price of raw materials, and the increased pressure on enterprises' capital, so the profits of enterprises will remain low. China's steel pipe industry has strengthened and improved its independent intellectual property rights for several consecutive years, making good achievements in the industrial production level.

The 2023 China Seamless Steel Pipe Market Monitoring and Development Analysis Report released shows that under the current global economic crisis, the steel pipe industry should strengthen the ability of independent innovation, improve the technical level, and realize the substantial transformation of economic growth mode.

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Post time: Feb-18-2023