Can S690QL plates price rise in the second half of the year

With the rapid response of the government, the new epidemic situation in China was effectively controlled from the end of March to the beginning of April, and China's economy began to recover gradually. Driven by a series of policies to promote economic development, China's GDP turned from negative to positive in the second quarter, and China's economic recovery entered a fast track. At present, China's economy is recovering rapidly, which will drive the substantial growth of steel demand such as S690QL plates.

However, with the increase in demand, steel production is still high. China's steel production exceeded the historical level in the first eight months. China's rapid economic recovery has led to a significant increase in steel demand. Because steel production is not determined by the steel industry itself, but by demand.

Generally speaking, although steel demand will rise to a certain extent in the second half of this year, due to the impact of high production and high inventory, the relationship between supply and demand is on the rise, so there is no substantial change. Coupled with the scarcity of iron ore supply, prices continue to fall, and the cost support for steel prices has also weakened. Therefore, when the demand does not exceed the expected, it is difficult for S690QL plates price to rise; if the later inventory digestion is not satisfactory, the S690QL plates price has the risk of falling.