Will the price of API 5L X56 PSL1 steel consolidate

Rencently, China's steel market is in the traditional off-season, the national API 5L X56 PSL1 steel inventory has rebounded, and the short-term terminal real demand is weak. After the influence of seasonal factors, with the macro policy and large-scale construction, the demand for API 5L X56 PSL1 steel is expected to rise substantially, and the steel industry may usher in a new turning point.

In the short term, the output of API 5L X56 PSL1 steel mill will still be at a high level within the year without the possibility of large-scale maintenance. In terms of circulation, at present, the prices of medium and heavy plates such as API 5L X56 PSL1 steel plate are relatively high, traders are more cautious, the market speculative demand is greatly reduced, and the factors such as low thread price are superimposed, and the short-term rise and fall range of API 5L X56 PSL1 steel and other medium and heavy plates is small. On the whole, under the premise that the supply remains unchanged and the sustainability of demand needs to be verified, the price of API 5L X56 PSL1 steel is expected to be mainly high consolidation.