Can China's 51CrV4 carbon steel market usher in a soaring market again

Due to the rapid increase in steel prices in the early stage, the profit of steel futures increased, iron ore plummeted at a high level, coke fell 300 yuan in a row, and the cost support of steel raw materials weakened slightly. The price of 51CrV4 carbon steel continued to fall, and steel traders reduced prices and delivered goods to cash profits, downstream procurement continued to be cautious, and the high price transaction was not smooth, so the short-term 51CrV4 steel market still faced downward pressure.

At the beginning of the year, the super expectation of domestic and foreign steel demand accelerated the release of domestic steel production. However, with the gradual change of domestic steel market from cost-oriented to demand-oriented, the supply pressure of domestic 51CrV4 carbon steel market is gradually increasing. At present, the expectation and business mentality of domestic steel market are also slowly changing, and the steel market is obviously in a wait-and-see situation. Whether the domestic 51CrV4 carbon steel can usher in the soaring market again depends on the actual release degree of 51CrV4 steel demand.