A387 gr 11 CrMo alloy steel plates prices may fall after rise in July

In July, A387 gr 11 CrMo alloy steel plates and so on steel prices may fall after rise. After shouldering the off-season seasonal demand in July and August, the stock price of steel is still likely to rebound again.

According to the forecast released by the World Steel Association on June 4, China's A387 gr 11 CrMo alloy steel plates and so on steel demand will increase by 1.0% in 2020, and the benefits of the "new infrastructure" project launched in 2020 will continue to 2021, supporting the demand for steel in 2021. In addition, the rising cost of raw materials such as iron ore in recent years has also promoted steel prices.

The pressure of supply and demand for A387 gr 11 CrMo alloy steel plates and so on steel is gradually increasing, and the risk is gradually accumulating. We should pay attention to the changing rhythm of de stocking. In July, A387 gr 11 CrMo alloy steel plates and so on steel prices are likely to fall after rise, but the falling space is limited. After shouldering the off-season seasonal demand in July and August, the stock price of A387 gr 11 CrMo alloy steel plates and so on steel is still likely to rebound again.