The traditional trade form of welded steel pipe will also weaken

　　From the oversupply of welded steel pipe industry as a whole, the output growth of welded steel pipe will be generally flat, but the output growth of Q345 ERW Carbon Welded Steel Pipe will continue to narrow. In 2016, the price gap may be repaired to some extent, but due to fierce competition, it is difficult to restore its original high level, and the gap between specifications of steel mills will be narrowed. Perhaps, for its resources, the circulation of welded steel pipe market will be further reduced, and the traditional trade form of welded steel pipe will also be weakened.

　　At the beginning of the week, the futures market fell, the price of welded steel pipe continued to decline, and the price of futures market and billet rebounded in the latter part of the week, triggering a rebound in market confidence, but the turnover is still weak. It is expected that the market of steel pipe price will be dominated by weak consolidation this week. This week, the market of steel pipe prices soared and fell, demand remained depressed, and steel mills lowered their quotations, market confidence was low. Businessmen'quotations fell accordingly. It is expected that the welded steel pipe market prices will continue to weaken next week.