The production limit boosts the oil pipeline steel API 5L X70 PSL1 plate price by stage

As the macro atmosphere continued to improve, Tangshan steel mills stopped production one after another on May 5, and oil pipeline steel API 5L X70 PSL1 plate etc. steel prices were supported. However, heavy rainfall in the South continues, market demand is limited, and steel prices are weak, and most markets remain stable.

Tangshan City issued the "emergency notice on further tightening management and control". Due to the poor air quality, it is required to stop and limit the oil pipeline steel API 5L X70 PSL1 plate and so on steel production of steel enterprises from 18:00 on July 5, and the lifting time will be further notified. Since July 5, Tangshan Fengrun district evaluated "good" independent steel rolling enterprises have stopped production.

According to the air quality forecast of Hebei Province, the heavy pollution index on the 9th will be improved, but it will still face the requirement of continuous shutdown in the second half of July. Therefore, the overall growth rate of oil pipeline steel API 5L X70 PSL1 plate and so on steel production in July is expected to slow down, which will help to alleviate the impact of demand decline in the off-season.