SM570 low alloy steel plate price may be stable and weak this week

On July 3, the average price of SM570 low alloy steel plate in major cities of China was down on a weekly basis. From the perspective of supply, the supply of general carbon steel plate and low alloy steel plate has appeared a situation of differentiation.

The specific performance is that the general carbon steel plate market is out of stock, while the SM570 low alloy steel plate and so on low alloy resources are sufficient and the volume in transit is large. This phenomenon may cause the price difference between general carbon steel plate and low alloy steel plate to shrink in the future.

The periodic peak of downstream demand has passed, short-term may be in the decline range, especially for carbon steel plate varieties. Mold factory feed back that new orders have shrunk in February. On the whole, the possibility of sharp rise and fall of short-term market price is small, the liquidity of resources is declining, and the SM570 low alloy steel plate price may be stable and weak this week.