It is difficult for API 5L X65 PSL2 steel prices to rise sharply

Since the first quarter of this year, API 5L X65 PSL2 steel prices have repeatedly reached new highs. Due to the large increase and fast rising speed in the early stage, it is more difficult to transmit to the downstream industry, and it is difficult for the steel price to continue to rise sharply in the later stage, so it should mainly fluctuate in a small range.

Since April, API 5L X65 PSL2 steel prices have increased first and then decreased, and the overall upward trend continues to fluctuate. From the supply side, with the "looking back" of steel de capacity, crude steel output reduction and environmental supervision, it is difficult for crude steel output to increase significantly in the later stage. From the demand side, due to the rapid rise of steel prices since March, shipbuilding, home appliances and other downstream steel industries can not bear the sustained high steel prices, and it is difficult for API 5L X65 PSL2 steel prices to continue to rise sharply in the later period.