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High-priced iron ore is a risk point for the later API 5L grade X52 PSL1 steel price

Posted:2020-08-27 16:41:11

Since May, the cost has played an important support and driving role for price rising of API 5L grade X52 PSL1 steel undoubtedly. Among the main raw materials, the price of coal and scrap has increased less, and the price of iron ore has risen sharply. According to the monitoring data, on August 26, Rizhao Port: The price of 61.5% Australian flour powder is 118 US dollars / ton, up 39 US dollars / ton or 49.4% compared with the end of April, which has exceeded the high price after vale dam break in 2019.
API 5L grade X52 PSL1 steel

At present, the price of coal and coke is in the middle level, and the price of iron ore has reached the high level in recent years, and its value is in an overestimated state. Although domestic iron ore demand is still strong, iron ore valuation also includes factors such as demand expectations and extremely loose global liquidity. The continuous rise of its price makes the risk continuously accumulate, which may have been in the stage of risk greater than income. High price iron ore is the risk point of later API 5L grade X52 PSL1 steel price.


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