As a whole, China's steel prices continued to dive in May. Although there were intentional increases in the process, they still experienced a deep decline in the end under the influence of market demand. The price of steel pipes has also entered a downward channel with the decline of raw materials. In the future, the price of steel pipes may stop falling due to the adjustment of Indian iron ore tariffs.

India adjusted the import and export tariffs of steel-related products. From May 22, the export tariff of iron ore was officially raised, ranging from 45% to 50% for different grades. The import tax rate of coke was reduced from 2.5% and 5% to zero tariff. Raise export tariffs on hot-rolled, cold-rolled and coated coils with a width of more than 600mm from 0% to 15%. The adjustment of the tariff may lead to a tight supply of iron ore, and on the other hand, it may help the recovery of China's export market.

At present, China's domestic epidemic prevention and control policy still insists on dynamic clearing. Shanghai is a key prevention and control city this time, and some epidemic areas have been closed for 78 days. This prevention and control has had a serious impact on Shanghai Port, and the port has been opened one after another. All shipowners' space must first ensure the capacity of Shanghai Port, which will cause other ports in China, such as Tianjin, Bayuquan, Dalian, Qingdao, etc., to be tight in capacity, and the space to rise. Business owners who have goods will ship as soon as possible.