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The Eurasian Economic Commission has extended the period of anti-dumping measures against seamless stainless steel pipes in China
According to the report, " On December 20,2024, the Internal Market Protection Department of the Eurasian Economic Commission issued Announcement 2024 / 424 / AD27R1, In accordance with the Eurasian Economic Commission resolution No.145 as of December 17th, 2024, it decides to extend the validity period of the current 15.50% anti-dumping duty to September 24th, 2025 (inclusive).
Later along with the stainless steel seamless pipe market demand off-season deepens，the demand is expected to gradually fall back。
On the supply side, the raw coal coking coal auction price continues to weaken, coking cost slightly improves. Affected by the recent environmental inspection, some coke enterprises is forced to reduce production, the start has fallen.
Steel product stocks were increased in mid-September
Steel product stocks were increased in mid-September According to the statistics of CISA, the daily output of crude steel was 1.989Mt in major steel enterprises in mid-September, up by 2.7% compared with that in the previous ten days.
Chinese trade surplus was $91.02bn in August
According to the data from the Customs, Chinese trade surplus was $91.02bn in August. Total trade value was $4021.03bn from January to August.
Steel product stocks were increased in mid-August
According to the statistics of CISA, the daily output of crude steel was 1.9934Mt in major steel enterprises in mid-August, down by 0.50% compared with that in the previous ten days.
FAI increased by 4.5% during January to March, y-o-y
During January to March, total domestic fixed asset investment (FAI) was RMB10.042 trillion, up by 4.5% y-o-y. For primary industry, FAI was RMB180.4bn, up by 1.0% y-o-y. For secondary and tertiary industries, FAI rose by 13.4% and 0.8% y-o-y to RMB3321.3bn and RMB6502.5bn respectively during January to March.
China's GDP increased by 5.3% during January to March 2024
According to preliminary calculations, China's GDP was RMB29.6299 trillion during January to March 2024, up by 5.3% y-o-y based on comparable prices.
China's steel operation prosperity index (SOPI) was 66.6 points in March
According to China Metallurgical Information and Standardization Institute, in March 2024, China's steel operation prosperity index (SOPI) was 66.6 points, decreased by 1.1 percentage points from the previous month.
The performance and application of stainless steel pipes of different materials.
304 stainless steel pipe: Good corrosion resistance, heat resistance, low temperature strength and mechanical characteristics. Good performance of stamping, bending and other thermal processing, no heat treatment hardening phenomenon. Usage: tableware, cabinets, boilers, auto parts, medical appliances, building materials, food industry.
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