Recent price forecast of spring material 51CrV4 in China

Forecast: with the convening of the two sessions, all kinds of good news come to boost the steel market, the downstream will resume work and production rapidly, the steel demand is expected to develop well, and the short-term steel price will still fluctuate at a high level with the support of raw material prices. After the festival, the price of spring material 51CrV4 rose sharply, but the downstream demand of 51CrV4 steel was not released as fast as expected.

There is no positive correlation between the demand increment of spring material 51CrV4 and the price rise, which may present a volatile situation in the short term. At the same time, with the acceleration of the settlement of winter storage resources of steel plants and the increase of market circulation resources, there is also the risk of steel traders cashing in and the price of 51CrV4 steel falling.