API 5L X52 steel stocks fall again this week

Since the Spring Festival, the price of some steel products such as API 5L X52 steel has increased by more than 1000 yuan, which has led to the loss of many terminal projects due to the rising cost, and also inhibited the overall release of the current downstream demand.

From the change of inventory this week, the output of the five major varieties decreased slightly by 74200 tons, and the inventory further decreased by 1.3 million tons. The decline of inventory slowed down slightly, and the apparent demand decreased by 468700 tons compared with last week. It also reflected that after the price continued to rise, the terminal demand was restrained, and the downstream demand was not fully released. However, with the continuous decline of inventory, inventory pressure gradually eased, and the support for API 5L X52 steel price was strong.