The raw material cost of S960QL steel plate is rising in the short term

At present, the epidemic is still spreading all over the world. After the European and American countries restart their economy, the epidemic situation will recur, which will bring variables to their economic recovery. China has become the destination of most iron ore.

As the demand for S960QL steel plate and so on steel materials is expected to increase in the later period, the demand for iron ore will also increase accordingly. Since April, the domestic port iron ore inventory has shown a downward trend, reaching a new low of nearly three years. However, the supply of iron ore tends to be tight, and the main suppliers except Australia are seriously affected by the epidemic situation, and their iron ore supply is uncertain.

In the case of such supply and demand, the iron ore price is supported. In the later stage, the iron ore price may rise at a high level, and the raw material cost of S960QL steel plate is still under upward pressure in the short term.