Carbon steel cutting plate prices are expected to improve further

With the passage of time, the steel industry gradually got rid of the impact of the epidemic, and the benefits were gradually restored. The recovery of the benefits of the steel industry is inseparable from the improvement of China's steel market. Due to the fruitful results of the overall planning of epidemic prevention and control and economic and social development, China’s economic recovery has exceeded expectations, development resilience and vitality continue to show, and the demand for basic raw materials such as carbon steel cutting plate has increased.

With the "six stability" and "six guarantees" policies, investment in infrastructure construction has increased, investment in real estate development has recovered, and carbon steel cutting plate etc. steel demand has rebounded rapidly. The demand for steel in May and June exceeded the level of the same period last year. In July, the national apparent consumption of crude steel was 92.73 million tons, a year-on-year increase of 15.1%. According to forecasts, with the reduction of high temperature and rainy weather, the traditional peak season for "Golden Sept. and Silver Oct." is approaching, and the demand for carbon steel cutting plate etc. steel will further improve in the later period.

Affected by various factors such as demand-driven and expected improvement, domestic carbon steel cutting plate etc. steel prices rose slightly. In July, China's steel price index was 104.04 points, an increase of 0.91 points from the previous month. While steel companies are increasing their quality and effectiveness, the rise in carbon steel cutting plate etc. steel prices has an obvious effect on the growth of the benefits of the steel industry.