• Improper welding of X80 pipeline may cause cracks
• Brief introduction of API X52 pipeline steel
• The difference between PSL1 and PSL2
• Harm of inclusions in X70 pipeline steel
• API 5L pipeline pipe
• X52 steel plate surface quality standards that need to be met
• The basic production process of API 5L X60 pipeline steel
• The key to Q460D steel welding process
• What does the heat treatment of Q690 Steel include?
• Reasons for choosing Q690D steel

Forecast of China steel price trend this week

With the control of the domestic epidemic situation, the provinces have ushered in a wave of lifting the ban on all-round resumption of work. And by the end of this month, with the lifting of the ban in Wuhan, the whole country will be back to work. The second quarter will usher in a comprehensive release of steel demand.

According to the Ministry of Transport, the vehicle operation rate has been restored to 70%. Transportation prices are expected to stabilize by mid March.

The steel price is expected to be adjusted in a narrow range this week. On the one hand, the inventory pressure continues to increase, especially with the transfer of steel mill inventory to social inventory and the continuous warehousing of port goods, the pressure on traders to occupy funds increases, and the selling sentiment is pushed up. On the other hand, the profit of steel mill shrinks and the willingness to hold up the steel price is strong. With the promotion of downstream resumption of work, the market sentiment is boosted by the gradual release of demand. Therefore, there is still downward pressure on steel price in the short term, but there is limited space for a sharp drop. The average steel price is expected to fall 10-15 USD per ton this week.