Little chance that the output of stainless steel seamless pipes will be greatly reduced in the future

There is little chance that the output of stainless steel seamless pipes will be greatly reduced in the future. Shanghai Nonferrous Metals Network Steel data shows that the average profit of stainless steel seamless pipe tons of steel in June was 829 yuan / ton. High profit is the main driving force behind the record high output of stainless steel seamless pipes. 

On the whole, the current low inventory support for steel prices is only a temporary phenomenon. In the context of the cyclical decline in terminal demand, the accumulation of stainless steel seamless pipes is only a matter of time, while the supply under high profit is only temporarily suppressed. In the future, the probability of a large reduction in the output of stainless steel seamless pipes is not large, and it is difficult to change the pattern of strong demand and weak demand.

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