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Does API 5L X60 PSL1 high strength steel market enters an adjustment period

Posted:2020-08-24 19:03:31

On August 24, API 5L X60 PSL1 high strength steel market prices were mostly weak. Today, the overall transaction in the API 5L X60 PSL1 high strength steel spot market was weak, and some merchants accelerated shipments and reduced prices for pre-sales.
API 5L X60 PSL1 high strength steel

From the perspective of transactions, most API 5L X60 PSL1 high strength steel traders reported that speculative demand in the market continued to remain sluggish. In terms of steel mills, due to the current high raw material procurement costs, the production profits of steel mills have been compressed recently, but they are more willing to support price.

In the short term, the supply and demand of API 5L X60 PSL1 high strength steel market will continue to be weakly balanced, facing high inventory and high cost pressure. Before the demand for steel material picks up, the price of API 5L X60 PSL1 high strength steel may be difficult to get rid of the turbulence pattern, and the increase or decrease is not large.


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