ASTM A283 Grade C carbon steel plate price rises

Today, the ASTM A283 Grade C carbon steel plate strengthened collectively, with Ma Steel (00323) up 5.03%, Angang (00347) up 4.7%, China Eastern Group (00581) up 4.66%, Chongqing Steel (01053), Xiwangte Steel (01266) up more than 2%.

Since the end of the year, ASTM A283 Grade C carbon steel plate futures have risen by more than 5% compared with the pre-season period. At present, ASTM A283 Grade C carbon steel plate stocks remain at a low level, while ASTM A283 Grade C carbon steel plate demand is expected to pick up. In addition, ore prices have reached a new stage, and ASTM A283 Grade C carbon steel plate prices will also be supported by cost. And market participants generally expect steel companies's profits to continue to grow strongly this year, there will be good dividend returns.