Demand for seamless steel pipes in 2025

2025 Seamless steel pipe demand Forecast for 2025 seamless steel pipe demand, although the specific data may fluctuate due to a variety of factors, but can be based on the current market trends and historical data to make some reasonable speculation.

I. Review of historical data
In 2023, China's seamless steel pipe production is about 29.154 million tons, and the demand is about 23.622 million tons.
In 2024, according to Mysteel statistics, the apparent total consumption of seamless pipes in China is about 24.757 million tons, which is reduced from 2023, which may be related to changes in the market situation, economic environment and downstream demand structure.
Second, market demand trend
‌ construction industry ‌ : as one of the important application areas of seamless steel pipe, although the demand for steel in the construction industry continues to decline, the decline is expected to narrow. With the continuous advancement of infrastructure construction, the growth of fixed asset investment in railway, waterway, aviation, mining and other fields may have a positive impact on the demand for seamless steel pipes.
‌ machinery industry ‌ : it is expected that the future machinery industry will still maintain a stable development trend, although the growth pressure is greater, but the overall steel demand is still expected to maintain stable growth, which will also drive the increase in demand for seamless steel pipes.
‌ automotive industry ‌ : With the continuous increase of automobile production and the rapid development of new energy vehicles, the demand for seamless steel pipes in the automotive industry is also expected to further increase. Especially in the field of new energy vehicles, due to its increased demand for lightweight, high-strength materials, it may promote the wide application of seamless steel pipes in auto parts.
Forecast for 2025
Taking into account the above factors, as well as the transformation and upgrading of the seamless steel pipe industry and the expansion of production capacity, it is expected that the demand for seamless steel pipes will show stable growth in 2025. In terms of specific values, although it is impossible to give an accurate forecast, it can be reasonably speculated that its demand will be above the apparent total consumption in 2024 (about 24.757 million tons), and is expected to approach or exceed the historical high level. At the same time, with the improvement of market concentration and the strengthening of the trend of large enterprises to dominate the market, the overall competitiveness and product quality of the seamless steel pipe industry will also be further improved.