The supply and demand of A572 cutting plate will be weakly balanced in the short term

On the demand side, consumption of A572 cutting plate decreased week-on-week this week. This week, the demand for A572 cutting plate was strong first and then weak. The high-priced transactions were not good, the low-priced transactions were acceptable, and the demand in the off-season was still unstable.

In terms of inventory, A572 cutting plate inventory of steel mills this week increased week-on-week, rising for two consecutive weeks, setting a new high for more than three months; A572 cutting plate social inventory decreased week-on-week, and dropped for three consecutive weeks; A572 cutting plate total inventory increased week-on-week.

On the whole, the output of A572 cutting plate is still at a high level during the year, and steel mills are less active in reducing production. At the same time, under the influence of high temperature weather, steel demand is unstable, end users purchase on demand, and speculative demand fades. In the off-season, steel mill inventories climbed slightly, but they did not exceed expectations. In the short term, the supply and demand of the steel market will continue to be weakly balanced. Before the demand for A572 cutting plate picks up substantially, it is difficult for A572 cutting plate prices to get rid of the shock pattern.