It is expected that API 5L X65 PSL2 steel prices will continue to run high in the short term

In May, the domestic steel market "made a good start", the black market opened high and went high, and the inventory continued to decline. Considering the holiday reasons, although the consumption declined, the range was within the expectation. At present, the demand market is still in the peak season, and it is expected that the API 5L X65 PSL2 steel price will continue to run high in the short term.

According to the statistics of the General Administration of Customs, China exported 7.973 million tons of API 5L X65 PSL2 etc. steel in April, the highest monthly export volume since December 2016. In the first four months, China exported 25.654 million tons of steel, API 5L X65 PSL2 included, a year-on-year increase of 24.5%; The imported steel was 4.891 million tons, an increase of 16.9% year on year, and the average import price was 7611.3 yuan per ton, an increase of 3.8%.