Recently there is still room for A516 grade 60 carbon steel price to rise

According to the analysis of industry experts, since mid January 2021, some steel plants have been in a state of loss. With the gradual start-up of demand and the impact of price factors before the Spring Festival, many A516 grade 60 carbon steel traders and terminals do not store and stock in winter. At present, A516 grade 60 steel stocks are mainly concentrated in the hands of steel mills and agreement households. Therefore, after the festival, with the gradual recovery of demand, there is a strong willingness to raise prices.

From the current point of view, under the support of high cost and inventory structure different from previous years, with the gradual increase of steel demand, there is still room for A516 grade 60 carbon steel price to rise in the near future.