The weak consolidation of HP265 steel price

In the middle of January 2021, China's HP265 steel output rebounded, with the average daily output 8% higher than that of the same period last year. The social stock of 5 major steel products in 20 cities was 8.35 million tons, an increase of 640000 tons or 8.3% over the previous ten days.

As the Spring Festival is getting closer and closer, the downstream industry will stop work for holidays, and the steel plants will increase their maintenance plans. The data shows that the operating rate of 247 steel plants' blast furnaces is 83%, which has declined. The HP265 steel market will enter a stage where both supply and demand are weak. In addition to the rigid demand and a small amount of winter storage in the HP265 steel market, it is difficult for other large purchase orders to appear. The HP265 steel price is weakly consolidating and waiting for the arrival of spring.