Price trend of ASTM A572 steel in February

Although ASTM A572 steel has accumulated in stock recently, the market sentiment is still acceptable, mainly based on the good expectations of the peak demand season and the support of the cost side. In the short term, due to the seasonal off-season, downstream demand has weakened more significantly, and ASTM A572 steel prices will continue to run under pressure.

In February, the overall steel market showed an obvious state of "low supply and demand, rapid rise in inventory". In the first and second half of the year, the market was in the state of resource supply decreasing, demand basically stopped, and ASTM A572 steel inventory increased rapidly. In the second half of the year, resource supply recovered rapidly, demand gradually increased, and the rising speed of A572 steel inventory slowed down, but it was still in the rising stage. The market is gradually transitioning from half-closed and closed to normal trading conditions. It is difficult for traders to lock prices in winter storage and end users to make obvious transactions in the market. However, with the support of futures hedging operation and abundant funds, it is expected that the price of ASTM A572 steel in February will tend to be stronger.