API 5L X52 hot rolled steel plate prices are likely to rise

Since the beginning of April this year, with the improvement of domestic epidemic situation and the recovery of iron ore demand, iron ore prices have opened the way to rise, soaring all the way, staged a real version of "Crazy Stone". At present, iron ore has reached a new high in nearly six years. The rising iron ore price has greatly increased the steel making cost of steel mills. Will this promote the API 5L X52 hot rolled steel plate prices to continue to rise?

Iron ore prices have been rising all the way, driving up the cost of steel mills. Under the influence of rising cost prices, API 5L X52 hot rolled steel plate prices also rebounded in a similar range, thus forming a support for API 5L X52 hot rolled steel plate prices.

At the same time, the social stock of API 5L X52 hot rolled steel plate has also decreased recently. Although the current decline is not too large, but for the steel demand in the off-season market, it is good news.