China's steel pipe exports are expected to fall slightly in November

The COVID-19 continues or even worsens, the global economic growth slowdown, poverty intensification and other issues remain prominent, the world economic recovery still faces many difficulties, the US interest rate hike is still continuing, the probability of the US Federal Reserve raising interest rates by 50 basis points is predicted to be as high as 70% next month, which still has a certain impact on the domestic and foreign economies, the domestic winter project construction is basically nearing the end, and there is little demand for seamless pipes.

The production at the overlapping supply end is at a low level due to the epidemic, and the supply will decline slightly. In addition, the rise of the domestic exchange rate is very unfavorable for export commodities, and the orders near the end of the year are at the stage of payment collection. Therefore, the export of steel pipes may decline slightly.