Will API 5L X42 PSL2 steel prices rise in the later period

It is suggested that, influenced by many factors, the API 5L X42 PSL2 steel price will not fall significantly in 2021, and will remain high fluctuation throughout the year.

Industry insiders said that the driving force and expectation of API 5L X42 PSL2 steel price continued to rise, but the high price will lead to the downstream users' procurement caution and rising resistance. The accumulated cost support of high risk accumulation in the later market will be weakened, and the momentum of excessive rise will be restrained.

From the demand side, because the steel price rises rapidly and the amplitude is relatively large in the early stage, the steel industry in the downstream such as shipbuilding and household appliances is difficult to bear the continuous high steel price. In the later stage, API 5L X42 PSL2 steel price is difficult to keep rising sharply.