Market Trend of Seamless Steel Pipe Prices on February 3, 2026

Hit：72026-02-03 15:24:22　

Market Trend of Seamless Steel Pipe Prices on February 3, 2026
As of February 3rd, taking 20 # hot-rolled and Ø 108 * 4.5mm seamless pipes as an example, the average profit of seamless pipe factories in Shandong sample enterprises was -100 yuan/ton, a decrease of 20 yuan/ton compared to the end of December. In January, due to factors such as rising raw material prices and poor orders from pipe factories, the theoretical profit loss of pipe factories slightly expanded, and there was significant competition pressure on the supply side towards the end of the year. However, due to the adjustment of iron ore and coal coke prices, the profit of the blast furnace tube factory has shown a significant recovery. At the end of January, the profit of the blast furnace tube factory was -27 yuan/ton, an increase of 55 yuan/ton month on month.
On February 3rd, the price of Shandong pipe blank was reported at 3570 yuan/ton, and the price of Jiangsu pipe blank was reported at 3550 yuan/ton, with a month on month increase of 20 yuan/ton and 10 yuan/ton, respectively. In January, due to the winter storage and limited production capacity, the price of pipe blanks in the market remained relatively stable. The price increase of pipe blanks in January was significantly higher than that of seamless pipes, and the strong raw material prices further compressed the profit performance of seamless pipe factories.
In January, most pipe factories planned to increase production before the end of the year, and the supply was originally planned to increase. However, due to the impact of environmental restrictions in the north, the recovery of production was significantly affected, and the supply showed a slight increase trend. According to research, Mysteel's sample production enterprise had a production volume of 352000 tons in the last week of January, an increase of 18700 tons month on month; The capacity utilization rate is 70.59%, with a month on month increase of 3.75%; The operating rate was 70.3%, unchanged from the previous month; The inventory in the factory is 721600 tons, with a monthly increase of 52200 tons compared to the previous period. In January, despite the lower than expected performance of pipe factory orders and a small increase in supply, the overall increase in pipe factory inventory was significant, with a year-on-year increase of 22900 tons.