The domestic hot-dip galvanized steel wire conduit market continues to operate under pressure. In the past week, domestic prices have fallen again. The futures of hot-dip galvanized steel wire conduit have been on a continuous downward trend, with production rising for two consecutive months. Downstream procurement intentions are weak, merchants are facing difficulties in selling their stock, and the decline in hot-dip galvanized steel wire conduit is accelerating. Due to the difficulty in changing the market fundamentals, prices are expected to remain in a narrow range in the short term. Currently, the demand for steel pipes in China is relatively strong. However, as the weather warms up, there are few construction projects starting in the northern regions this year. Although construction projects in the southern regions are active, the increase is limited. Moreover, traders' enthusiasm for winter storage has been low in recent years, so the construction market is likely to gradually enter a period of weak consolidation. At present, steel pipe现货 merchants are more confused about the future trend, and there is no consensus on what price level represents the bottom. Today, the opening price of steel pipe market remains stable. In terms of the market, some pipe factories in Jiangsu, the source of goods, have increased their prices, but local merchants did not follow up promptly after learning the news. The main reasons are that the increase in this round is only 30 yuan, and the previous price increases did not reflect an improvement in transaction volume. Additionally, the price changes of steel link sleeves in Liaocheng are relatively frequent, so local merchants are mostly holding a wait-and-see attitude, waiting for price stabilization. Furthermore, some merchants have indicated that due to the continuous inventory reduction during this period, the frequency of purchasing has increased, resulting in less outdated stock. Therefore, the price fluctuations of steel plates will have a more significant impact on merchants, suggesting that local prices may again follow a slight upward trend in the short term. On the raw material front, stainless steel billets are in a stable state, maintaining stability after the previous rise, indicating that the raw material hot-dip galvanized steel wire conduit market is still in a reasonable supply and demand situation.