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There should be room for A572 grade 50 structural steel price to rise in March

Posted:2021-02-23 14:11:30

After the Spring Festival, the price of A572 grade 50 structural steel in China will rise more than fall. First of all, the blast furnace operating rate is still at a high level, and the delivery pressure after the festival is large. Secondly, the cost of iron ore, double coke and other raw materials is high, and the steel enterprises have finished the goods during the festival. The high cost will run through the whole February. The lower demand will drive the price of A572 grade 50 steel down, and the stock will be accumulated during the holiday.

Different from previous years, due to the impact of the epidemic situation, there will be a wave of overhauling after this year, which is conducive to reducing inventory; workers will celebrate the Spring Festival at the working place, and the construction site will start earlier. Overall, the market may be relatively weak after the Spring Festival, and there should be room for A572 grade 50 structural steel prices to rise in March.