The carbon steel API 5L gr. X42 has maintained a strong supply and demand situation

The carbon steel API 5L gr. X42 has maintained a strong supply and demand situation

Since October, the carbon steel API 5L gr. X42 in China has maintained a strong supply and demand situation. However, from the current point of view, the production of carbon steel API 5L gr. X42 may continue to grow rapidly in 2021, and the oversupply is more obvious. Therefore, when the output is high and the cost of raw materials is high, the pressure will be greater when there are problems in the off-season demand. Before the end of next year, the carbon steel API 5L gr. X42 industry will face a big test, and the favorable macro economy will bring benifits to the price of carbon steel API 5L gr. X42 next year.

The chemical composition of carbon steel API 5L gr. X42:

Grade C Si Mn P S V Nb Ti
API 5L X42 PSL1 0.26   1.30 0.030 0.030 Nb + V + Ti≤0.15%
API 5L X42 PSL2 0.22 0.45 1.30 0.025 0.015 0.05 0.05 0.04

The mechanical properties of carbon steel API 5L gr. X42:

Grade Yield Strength Tensile Strength
Mpa (Psi) Mpa (Psi)
API 5L X42 PSL1 290 (42100) 415 (60200)
API 5L X42 PSL2 290(42100) - 495(71800) 415(60200)- 760(110200)

The economy of China will continue to grow in 2021, and the market demand for carbon steel API 5L gr. X42 is expected to be stable. However, the international trade environment will remain complex, and the price of raw material and fuel will remain high. Overall, opportunities and challenges coexist in carbon steel API 5L gr. X42 industry, which needs to adhere to the road of high-quality development.