API 5L X42 pipeline steel plate and so on medium thick steel plate price forecast

On May 29, the average price of 20 mm API 5L X42 pipeline steel plate and so on medium thick steel plate in China was 535.64 usd / ton, down 0.42 usd / ton on a weekly basis. The limited production news in Tangshan began to show signs of fermentation last Friday, which has a relatively obvious driving force for the finished product link.

At the raw material end, it is said that Vale has lowered its target of annual output of 20 million tons, which is a significant support for the price of iron ore. The overall price of API 5L X42 pipeline steel plate and so on medium thick steel plate in the short-term market will still be dominated by volatile trend, with a higher possibility of being stronger.