The cost support of A516 Gr 65 carbon steel plate is strong

Last week, the A516 Gr 65 carbon steel plate market rose first and then fell, and the overall situation has not yet shaken off the shock. In the first half of the week, driven by the positive macroeconomic expectations and the general recovery of the financial market, the market volume and price of A516 Gr 65 carbon steel plate rose. However, the demand for steel products in the off-season is unstable, transactions at low prices are acceptable, and transactions at high prices are not good. At the same time, A516 Gr 65 carbon steel plate production remains high, steel mill inventories are still under upward pressure, and the continuous rise of A516 Gr 65 carbon steel plate prices is not supported, and there was a weak adjustment in the second half of the week.

The reform of the domestic financial market is advancing steadily. The central bank’s MLF and reverse repurchase reproduce monetary easing is good. With the gradual implementation of the domestic and international dual cycle and new infrastructure, steel demand is expected to continue to open, and the price of A516 Gr 65 carbon steel plate in the third and fourth quarters is expected to rise to a higher level. In the short term, the cost support is strong, and the price of A516 Gr 65 carbon steel plate still maintains an inertial increase.