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RMRS EH32 marine steel plate prices in the Chinese market turn from falling to rising in May

In May, the national economy continued to recover, the downstream industries resumed work and production continued to advance, the RMRS EH32 marine steel plate and so on steel demand situation continued to improve, and RMRS EH32 marine steel plate etc. steel prices increased from falling to rising. Due to the rapid release of China's steel production capacity and the shrinking demand in the international market due to the epidemic situation, the market is still in a situation of oversupply in the later period, and it is difficult for RMRS EH32 marine steel plate etc. steel prices to continue to rise sharply.

At the end of May, China's Steel Price Index (CSPI) was 100.96 points, up 4.34 points month-on-month, or an increase of 4.49%; compared with the same period last year, it fell by 10.14 points, a decrease of 9.13%. From the perspective of the whole month, in May, the average value of China's Steel Price Index (CSPI) was 99.83 points, an increase of 2.90 points from April, an increase of 2.99%.

The prices of long products and flat products both stopped falling and rebounded, and the increase of RMRS EH32 marine steel plate and so on flat products was greater than that of long products.