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Forecast of A387 gr12 cl2 steel price

Looking back at the steel market last week, the steel market showed a trend of volatility and weakness. The comprehensive steel price index fell by 3 points. Among them, thread and wire rod fell by 58 and 56 points, and hot rolled and cold rolled rose by 41 and 53 points respectively. Heavy plates rose by 20 points (A387 gr12 cl2 steel is usually in forms of heavy plates); in terms of raw materials and fuels, the iron ore dollar index rose 1.2 points, the scrap steel price index rose 24.8 points, and the coke price index remained flat. What is the trend of A387 gr12 cl2 steel price this week?

Looking ahead to this week, no matter A387 gr12 cl2 steel price or the steel market is expected to show a weaker and volatile operating situation. The main reasons are: first, whether it is manufacturing PMI or service industry PMI, both are in a continuous expansion trend; second, raw material and fuel prices are firm and are expected to rise; third, Steel inventories are also expected to continue to decline, and fundamental pressures will be further reduced, boosting market confidence; fourth, the demand for adjustment of construction materials will increase.