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The price of seamless steel pipes in 2025 will be affected by a variety of factors, both macro and micro, both domestic and international. Permanent Steel Manufacturing Co., Ltd carefully summarizes the following factors affecting the price of seamless steel pipes in 2025:
Cost Factor
- Raw material prices
Iron ore: Iron ore is the main raw material for steel production. Its price fluctuations directly affect the production cost of seamless steel pipes. The global iron ore supply and demand relationship, the production conditions of major mines, and international trade policies will all affect the price of iron ore.
Coke: Coke is an important fuel and reducing agent for ironmaking. Its price also has an important impact on the cost of steel production. Coal prices, production conditions of coking enterprises, environmental protection policies, etc. will affect the price of coke.
Scrap steel: Scrap steel is one of the important raw materials for steel production. Especially in electric furnace steelmaking, fluctuations in scrap steel prices will also affect the production cost of seamless steel pipes and the production strategies of steel mills.
Alloy elements: The production of alloy steel seamless pipes requires the addition of alloy elements such as chromium, nickel, and molybdenum. The price fluctuations of these elements will also affect the cost of alloy steel seamless pipes. Relevant information mentions that the main cost of silicomanganese is manganese ore and electricity. Although silicomanganese is not directly used in the production of seamless steel pipes, this also shows the importance of raw material costs to the price of steel products.
- Energy costs
Prices of energy such as electricity and natural gas: Steel production consumes a large amount of energy. The rise in energy prices will directly increase production costs. The supply and demand relationship in the international energy market and geopolitical factors will affect energy prices. Relevant information mentions that the overall stability of electricity prices has provided cost support for ferroalloys, which shows the impact of electricity costs on the steel industry chain.
- Production costs
Labor costs, environmental costs, equipment depreciation, etc.: These factors will also affect the production cost of seamless steel pipes. The increasingly stringent environmental protection policies will lead to increased environmental protection investment by enterprises, thereby increasing production costs.
Supply and demand factors
- Market demand
Downstream industry demand: Petroleum and natural gas, chemical industry, electricity, machinery, construction, etc. are the main downstream industries of seamless steel pipes. The development of these industries directly determines the demand for seamless steel pipes, thereby affecting the price. Relevant information mentions that changes in market demand are an important factor affecting the price of seamless steel pipes.
Domestic and foreign market demand: Both domestic and international market demand will affect the price of seamless steel pipes.
- Market supply
Domestic seamless steel pipe production: Domestic seamless steel pipe production directly affects market supply, thereby affecting prices.
Import and export volume: The import and export of seamless steel pipes will also affect the balance of supply and demand in the domestic market, thereby affecting prices.
Macroeconomic and policy factors
- Macroeconomic situation
Domestic and foreign economic growth rate: If the economic growth is strong and the demand is strong, the price may rise; otherwise, it may fall.
Inflation: Inflation will lead to a general increase in prices, including the price of seamless steel pipes.
Exchange rate fluctuations: Fluctuations in the RMB exchange rate will affect the import and export prices of seamless steel pipes, thereby affecting the domestic market price.
- National policy
Monetary policy and fiscal policy: These policies will affect the operation of the macro-economy, thereby indirectly affecting the price of seamless steel pipes.
Industrial policy: The country’s regulatory policies on the steel industry, such as supply-side reform, environmental protection policies, and industrial structure adjustment, will have an impact on the supply and demand of seamless steel pipes, thereby affecting prices. Relevant information mentions that the impact of environmental protection policies is one of the factors affecting the price of seamless steel pipes.
Real estate policy: The real estate industry is an important downstream industry of steel. Changes in real estate policies will have a significant impact on steel demand, thereby indirectly affecting the price of seamless steel pipes. Relevant information mentions that the stabilization of real estate prices may have a positive impact on steel demand.
Other factors
Speculation: Speculation in the market may also lead to short-term fluctuations in the price of seamless steel pipes.
Geopolitical factors: International geopolitical tensions may affect international trade and raw material supply, thereby affecting the price of seamless steel pipes.
Seasonal factors: The demand of some downstream industries has seasonal characteristics. For example, the winter construction off-season will lead to a decrease in the demand for seamless steel pipes in the construction industry, thereby affecting prices. Relevant information mentions winter storage, which shows that seasonal factors have a certain impact on the seamless steel pipe market.
Conclusion
The price of seamless steel pipes in 2025 will be affected by multiple factors such as cost, supply and demand, macroeconomics and policies. It is difficult to accurately predict the price trend, but you can pay close attention to the changes of the above factors to better grasp the market dynamics. It is recommended that you continue to pay attention to the following information sources to obtain more accurate market price information:
- Price data released by government departments such as the National Bureau of Statistics.
- Market analysis reports released by steel industry associations and research institutions.
- Steel futures prices on futures exchanges.
- Quotation information of related companies.
Read more: Which Seamless Steel Pipe Specification is the Best-selling?
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