304L stainless steel pipe production release shows a low recovery trend, but the recovery is still not good

In March, due to the lower-than-expected policy rollout, relatively weak terminal demand release, and negative cost feedback, the domestic 304L stainless steel pipe market showed a rapid decline. The release of 304L stainless steel pipe factory production capacity showed mixed performance, showing an "iron decline" ", steel falls, materials rise" characteristics.

 

     Daily crude steel production continues to rise in March

 

     Judging from the national average daily production of pig iron, crude steel and steel products, in March 2024, the national daily production of pig iron turned from rising to falling, while the daily production of crude steel and steel products increased for two consecutive months.

 

     Judging from the monthly average daily output data of key large and medium-sized steel companies, the release of production capacity of large and medium-sized steel production companies has ended an upward trend for two consecutive months, showing a situation of "iron has turned downward, steel has turned downward, and materials have slightly increased".

 

     Daily crude steel output may rise slightly in April

 

     Since April, steel mills' willingness to release production capacity has begun to gradually recover due to factors such as the enhanced combination effect of policies, continued release of terminal demand, and strengthening cost support. Judging from the current changes in blast furnace operating rates, the production release intensity of 304L stainless steel pipe companies is showing a low recovery trend, but the recovery intensity is still poor.

 

     Judging from the ten-year production data of key large and medium-sized steel companies, due to the impact of improved profit margins, the capacity release efforts of large and medium-sized steel production companies have become stronger again.

 

     The national economy got off to a good start in the first quarter, with an accumulation of positive factors, laying a good foundation for achieving the goals and tasks for the whole year. However, we must also note that the external environment is becoming more complex, severe, and uncertain, and the foundation for economic stability and improvement is not yet solid. We must adhere to the principle of seeking progress while maintaining stability, promoting stability through advancement, establishing first and then breaking. We must fully, accurately and comprehensively implement the new development concept, accelerate the construction of a new development pattern, strive to promote high-quality development, actively cultivate and develop new productive forces, and increase macroeconomic policies. Implementation efforts will effectively enhance economic vitality, prevent and resolve risks, improve social expectations, consolidate and enhance the positive economic recovery, and continue to promote the economy to achieve effective qualitative improvements and reasonable quantitative growth.

 

     At present, domestic 304L stainless steel pipe production has shown a shock and rebound under the influence of multiple factors such as "the combined effect of policy strengthening, insufficient recovery of steel supply, continued release of terminal demand, and strengthening cost support." Although the 304L stainless steel pipe market is still In the traditional construction peak season, market transactions continue to improve, terminal demand continues to be released, and market confidence has improved. However, we must always observe the availability of project funds, and we must also be wary of poor project construction progress caused by poor funding, which in turn may lead to There is a risk of terminal demand being delayed or even interrupted. Domestic 304L stainless steel pipe manufacturers are also gradually increasing their willingness to release production capacity. It is expected that domestic 304L stainless steel pipe production may rebound slightly month-on-month in April.
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