In 2025, China’s galvanized pipe market experienced a pronounced V-shaped price trend. After the Lunar New Year, prices started under pressure and declined through the first and second quarters. In the third quarter, policy measures and conference expectations drove a significant rebound. Entering the fourth quarter, prices stabilized and moved within a narrow range as seasonal demand slowed.

Fundamentally, inventory levels remained low, but demand lacked resilience, keeping overall performance sluggish. By December 18, daily average trading volume reached 10,580 tons, slightly higher week-on-week but down month-on-month and below the past three-year levels.

Profitability showed modest improvement, with weekly profits slightly rising. Companies increasingly adopted low-inventory, fast-turnover strategies, focusing on cash flow management and high-value products.

Looking ahead to January 2026, prices are expected to continue consolidating. Growth-supporting policies provide support, while off-season limits demand. The market is gradually shifting from large fluctuations toward rational and stable development, with cautious operations becoming the industry norm.