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- API 5L pipeline pipe
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- The basic production process of API 5L X60 pipeline steel
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- Reasons for choosing Q690D steel
The short-term pressure of API 5L grade X42 PSL1 steel cannot be ruled out
On the whole, the steel market is relatively optimistic in the later stage. With the arrival of the peak season, demand is expected to rebound, and the relatively loose funding will also support API 5L grade X42 PSL1 steel prices. However, the excessively high iron ore price is a risk point for the price of API 5L grade X42 PSL1 steel, and supply pressure will also bring resistance to the rise of API 5L grade X42 PSL1 steel price, and there is no strong driving factor for the upward price of API 5L grade X42 PSL1 steel.
In the short term, under the influence of strong expectations, API 5L grade X42 PSL1 steel prices have increased significantly in the off-season, and there is a certain degree of overdraft. As expectations shift to reality, steel market prices return to fundamental logic, and speculative demand shifts to actual demand. The weaker-than-expected rebound in demand will lead to weaker market sentiment to do more and the market may face adjustment pressure.