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The market demand of 16MnDR steel is still tight

In July, the flood disaster in southern China had an impact on the construction and production of some steel companies. The demand for 16MnDR steel products was restrained to a certain extent, and enterprises were still tight in receiving orders. The index of new orders was 47.7%, still below 50%.

However, due to the sustained recovery of domestic economy and the market's expectation for the future market, the downward trend of 16MnDR steel demand has eased, and the index of new orders has increased by 1.3 percentage points compared with the previous month. In addition, driven by the economic restart in Europe and the United States in the epidemic, 16MnDR steel exports also improved. The index of new export orders was 42.8%, up 11.6% from the previous month, ending the trend of running below 40% for four consecutive months.

It is understood that the terminal demand of 16MnDR steel market in China showed a general performance in July. Due to the continuous rain weather in the south, the demand for 16MnDR steel in the Yangtze River Basin was restrained to some extent. At present, the overall domestic demand lags behind due to climate. After the plum rain reason of the South, the overall demand for 16MnDR steel may change.