The period of the lowest point in the 304 thick-walled stainless steel pipe market has passed. Why is the Chinese economy experiencing a soft landing? Perhaps it's due to the characteristics of the branded stainless steel tubes, where the Chinese economy didn't create a large bubble or a significant overheating trend. Instead, it only showed signs of a bubble without actually forming one, which means there's no need for a hard landing or a crisis to correct the situation. As a result, the economy has managed to experience a soft landing with minimal impact.
Dingte Stainless Steel Co., Ltd. reported that it is expected the Chinese economy will go through a phase of stabilization and recovery in 2013. "An 8% growth rate should not be a problem," they said, noting that steel prices are beginning to rise again. However, the rate of change is likely to remain within a narrow range. It’s challenging to provide positive guidance to the market, as the buying and selling atmosphere remains weak. The market is still influenced by the downturn in the domestic environment.
Weng Shuxia summarized that the market remains bleak and difficult to change. Prices have risen slightly, with a gain of 0.03% per ton. If 2013 achieves a fixed growth rate of 8% or higher, it would lay the foundation for steady growth over the next two to three years, and possibly even up to four years. While growth may slow down in the future, China's economy is expected to maintain high growth for another 20 to 30 years without encountering a major crisis.
Currently, the market has experienced a decline after a year of growth. Companies are seeing their profit margins shrink, and the market has gone through a sudden shift in sentiment. Weng Shuxia noted that supply and demand have quickly reversed, and the market is now being closely watched. In the coming years, resource constraints may lead to tighter conditions, but the rate of change is expected to remain limited.
The buying and selling atmosphere continues to be weak, and the market is still affected by the domestic economic slowdown. Weng Shuxia emphasized that the policy of fine-tuning is being adjusted, with small gains observed. It is possible and potential for stability to be achieved, but how to turn this potential into reality remains a challenge. A lot needs to be done, including further reforms and adjustments to drive economic growth steadily. Although the path is not easy, Weng concluded that the potential for growth is still present.
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