API 5L grade B hot rolled steel coil shows a boom in supply and demand: With the gradual recovery of the global economy and the recovery of China's manufacturing industry, API 5L grade B hot rolled steel coil terminal consumption has shown a quarter-by-quarter recovery, and the recovery of some industries has accelerated.
The consumption of API 5L grade B hot rolled steel coil in the first quarter was significantly lower than in previous years, mainly due to the epidemic. However, the recovery began to accelerate in the third quarter, and the current consumption of API 5L grade B hot rolled steel coil is still high in the past 4 years, showing obvious post-demand characteristics.
From the perspective of API 5L grade B hot rolled steel coil supply and inventory, supply is at a high level and there is a certain degree of upward elasticity. However, there are also expectations of production restrictions in Tangshan in November; inventory is at a relatively high position relative to history, but the recovery of manufacturing is accelerating, and API 5L grade B hot rolled steel coil inventory does not constitute pressure.
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