EN10025 S690QL steel price may rise in the second half of the year

In the second half of 2020, EN10025 S690QL steel price may rise to a certain extent, which may appear after the national day.

First, the second half of the production season, EN10025 S690QL steel demand is very large, and because of environmental protection, in recent years, more production reduction and limited production, EN10025 S690QL steel inventory is in shortage.

Second, because of the traffic management, the EN10025 S690QL steel transportation cost has increased greatly.

Third, due to the economic downturn, the investment in infrastructure construction will be further increased, and investment pulling is still the main keynote. This also increases the demand for steel.

Fourthly, the comprehensive price of iron ore has increased by 31.79% this year. The price of iron ore and scrap steel is higher than the price level of the same period in history since 2017, and there is still room for EN10025 S690QL steel price to rise.