Reduction of production is conducive to stabilizing ASTM A516 grade 60 70 plates price

The latest 15th round of coke price rise was implemented, with an increase of 100 yuan / ton. Meanwhile, iron ore and scrap prices remained high. The high production cost of ASTM A516 grade 60 70 plates has greatly swallowed up the profits of steel mills. In the face of high cost and sluggish winter storage market, steel mills start dormancy mode ahead of time during the Spring Festival holiday. At present, many regional steel mills have announced plans for Spring Festival holiday and notices for shutdown and maintenance. The production of ASTM A516 grade 60 70 plates has declined. In the short term, the decline of output will help to provide the bottom support for ASTM A516 grade 60 70 plates price and prevent the price from collapsing in the off-season.

The pressure is greater than the opportunities for ASTM A516 grade 60 70 plates before the Spring Festival. First, due to the dual impact of the repeated new crown pneumonia epidemic and high prices, dealers are not willing to stock up, and spot trading began to cool down earlier. Second, it is the traditional seasonal off-season, with rising inventories, as demand drops, ASTM A516 grade 60 70 plates prices are inherently easy to fall but hard to rise.

What is worthy of recognition is that the consumption of raw materials to steel profits has led to an increase in the overhaul of steel mills, and the decline in output is conducive to stabilizing ASTM A516 grade 60 70 plates prices.