A387 gr 11 alloy steel sheet prices continue to run weakly

Today, China's A387 gr 11 alloy steel sheet stock price continues to be weak, terminal demand is weak, and overall transaction performance is sluggish. Among them, the A387 gr 11 alloy steel sheet social inventory fell for the third consecutive week; steel mill inventories rose and increased for the second consecutive week.

On the whole, the current demand for ASTM A387 gr 11 alloy steel sheet is in a slow recovery stage. Although the demand for steel in peak seasons is expected to be released, merchants are more cautious in their operations. They often adopt fast in and out and stock on demand. The willingness to replenish stock in batches is not strong, so the overall inventory pressure is not big. In terms of steel mills, despite the environmental shutdown of the independent rolling mill in Fengrun District, Tangshan, it has little impact on the national A387 gr 11 alloy steel sheet output. Therefore, the overall output is still running at a high level, which has further aggravated the accumulation of inventory in the steel mill.

At this stage, the price of raw iron ore continues to be strong, some coking companies have raised their prices, and the cost focus has continued to move upwards, making steel mills more willing to support high price. Therefore, the short-term A387 gr 11 alloy steel sheet stock price continues to weaken, but the overall decline is limited.