How was the A572 grade 60 HSLA steel market last week

Posted:2021-03-09 15:19:35

Last week (3.1-3.5) rainy weather was concentrated, the steel market transactions in the first half of the week were sluggish, and some steel resources were steadily declining. However, after the Lantern Festival, the downstream demand for A572 grade 60 HSLA steel continued to open. As the weather improved, the steel market transactions gradually improved.

In the middle of the week, affected by the production restriction news in Tangshan, steel futures rose sharply, driving the market to be positively bullish, and the spot price of steel increased by 120-150 yuan / ton. However, with the price rising, the transaction performance is not as expected. In addition, the price of A572 grade 60 HSLA steel has been at a high level after the festival, so the market is more afraid of heights.

Near the weekend, under the drag of the decline of steel futures and weak trading, the overall price of A572 grade 60 HSLA steel callback. Considering the rapid accumulation of steel inventory in the near future, the pressure of destocking is obviously enlarged.

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