Production growth of API 5L X42 PSL2 steel mill slows down

In July, due to tight market demand and limited transportation of raw materials and finished products due to floods, the production growth of API 5L X42 PSL2 steel mill slowed down. The production index was 54.5%, down 3.0 percentage points from the previous month, ending the 4-month-on-month increase in a row. According to the statistics of CISA, in July, the average daily production of API 5L X42 PSL2 steel enterprises decreased by 1.09% month on month and increased by 11.07% year on year.

The decline of production growth rate and the limitation of logistics make the raw material procurement of API 5L X42 PSL2 steel mill decline, and the consumption of raw material warehouse is also accelerated when the consumption exceeds the purchase. The purchasing volume index was 47.3%, 1.3 percentage points lower than that of the previous month, and the inventory index of raw materials was 43.2%, 1% lower than that of the previous month.