China's ASTM A572 grade 50 structural steel price is expected to rise in March

In February, the price of China's ASTM A572 grade 50 structural steel spot market first stabilized and then rose, rising sharply as a whole, but it has not yet reached a new high at the end of December. At present, the operating rate of the medium and heavy plate production line has recovered to about 93%, and there are few new maintenance in the near future. It is expected that the operating rate will not change much in March.

In terms of trading volume, affected by the holidays in February, the trading volume of ASTM A572 grade 50 structural steel decreased significantly in the first half of the month, and gradually recovered after returning to work in the second half of the year, but it still did not reach the normal level. The total inventory of steel plants and market increased significantly, but the overall level was lower than that of the same period last year. At present, the recovery of downstream demand of A572 grade 50 steel is relatively fast, and there are transactions at high prices. The overall market is bullish. It is expected that the market price of A572 grade 50 structural steel will continue to rise in March.