News

August steel PMI rose to 47.4%, continuing recovery but still sub-50. Sept "Golden September" peak season: demand recovers month-on-month with limited upside, supply flexible, cost support firm. Prices oscillate higher but gains capped. Infrastructure and manufacturing pick up as rainy season ends; real estate remains weak, capping long-steel demand. Supply contraction from Aug maintenance offers floor, but price rebound may trigger restarts. Plate outperforms longs.

Youfa Plastic-Coated Steel Pipes were featured in the Huaibei Urban-Rural Water Supply Network project. The DN600 epoxy-coated pipes, with welded flanges, offer corrosion resistance, anti-aging, and long service life. Praised by local leaders, this key livelihood project showcases Youfa's strength in municipal infrastructure and commitment to high-quality urban development.

August steel PMI rose to 47.4%, continuing recovery but still sub-50. Sept "Golden September" peak season: demand recovers month-on-month with limited upside, supply flexible, cost support firm. Prices oscillate higher but gains capped. Infrastructure and manufacturing pick up as rainy season ends; real estate remains weak, capping long-steel demand. Supply contraction from Aug maintenance offers floor, but price rebound may trigger restarts. Plate outperforms longs.

July steel PMI rose to 46.1% but stayed sub-50. Aug off-season: weak demand, supply cuts, softening costs. Plate outperforms longs. Early heat/rain curb construction; manufacturing supports flats. Late-month rebound possible as seasonal drag eases.

From June 25 to 28, 2026, the 37th Philippine International Construction and Building Materials Exhibition (PHILCONSTRUCT Manila) was grandly held in Manila. Youfa Group showcased its core products at Booth A01-3, demonstrating the strength and presence of a leading Chinese steel pipe manufacturer.

Youfa Group made successive appearances at BATIMATEC 2026 in Algiers and Buildexpo Kenya 2026 in Nairobi, showcasing its steel pipe products across North and East Africa. Youfa Steel Pipe Group engaged with buyers, contractors, and industry professionals from many countries, reinforcing its commitment to the African market and promoting "Made in China" in the continent's infrastructure boom.

In June 2026, the steel circulation PMI index dropped to 45.8%, a decrease of 2.2 percentage points from the previous month, continuing to decline within the contraction range. The steel market in July will experience an off-season for traditional demand, with a phased contraction in supply and cost forming a bottom-supporting scenario. The domestic steel market is expected to continue its fluctuating decline.

In May 2026, the steel circulation PMI index dropped to 48.0%, a decrease of 3.2 percentage points from the previous month, entering a contraction zone, indicating that the domestic steel market has officially entered the traditional off-season and there is significant downward pressure on prices.

On 6th May, The receipt of the Chinese Red Cross Dedication Medal signifies that Youfa Group has once again gained authoritative recognition in actively fulfilling social responsibilities, giving back to society, and promoting humanitarian spirit.

China's steel circulation PMI fell to 51.2% in April 2026, down 2.2 points, signaling weaker peak season. In May, post-holiday restocking and faster infrastructure funding will boost construction steel demand. Manufacturing resilience supports hot-rolled coil. Supply-side release is limited, easing tensions. Firm iron ore and a third round of coke price hikes provide cost support. The steel market is expected to trade in a range-bound pattern.