ASTM A572 carbon steel price still has room to rise in the second half of the year

Since the beginning of this year, the market price of ASTM A572 carbon steel in China has shown a trend of first falling and then rising. Novel coronavirus pneumonia was basically stable in January, and steel prices fell sharply after the Spring Festival. With the new crown pneumonia epidemic being effectively controlled and the national resumption of work and production resumed continuously, the price of ASTM A572 carbon steel showed a sharp upward trend in April in China. In June, heavy rainfall and flood disasters in East China and Southern China had a great impact on the downstream construction sites, and the demand for construction steel decreased significantly. The overall price trend of steel plate is stronger than that of long timber, and that of northern market is stronger than that of southern market. Many industry insiders believe that the current round of market is not over, and there is still room for the price of ASTM A572 carbon steel in China to rise.

Generally speaking, good downstream demand and loose capital supply will be the main factors driving up the price of China's steel market this year. Judging from the current market situation, China's ASTM A572 carbon steel market is generally in a prosperous situation of supply and demand. As the intensity of infrastructure investment continues to increase, the real estate industry shows strong resilience. It is expected that a new round of "rush work tide" will appear after the end of heavy rainfall and flood disasters in the south. It is expected that China's ASTM A572 carbon steel will continue to improve in the second half of the year, and the average price of ASTM A572 carbon steel will be higher than that of the first half of the year.