Direct-buried insulated pipe has not only failed to improve but is trending downward, which may mean that the recent profitability of steel companies will decline.

　　However, if steel production is reduced as losses of steel enterprises expand, does this mean that the steel market may rebound next year? After last year's peak season of "Golden September, Silver October," steel companies suffered another downturn in the economic slump at the beginning of this year.

　　With weaker off-season demand plus delayed winter stocking, recent steel spot prices have fallen more rapidly, and trading has not improved after the drop. Last week, domestic prices of steel for direct-buried insulated pipe approached a one-year low.

　　In January, the steel market is in the traditional off-season. Due to poor market demand and other reasons, steel prices lack upward momentum, so prices inevitably fall. However, as the downstream market gradually resumes production, steel demand is released, steel prices will naturally rebound, and losses of steel enterprises will also improve to some extent. The steel industry is still short of funds.

　　The bank has tightened credit lines for the steel industry, and funds in the direct-buried insulated pipe market are also tight. Due to the impact of funding, the inventory stocking function of steel traders has failed. For steel mills, under the pressure of funds and inventory, trading volume in the steel market is low, and the entire market is declining.