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Why does API 5L X52 PSL2 steel price rise so fast recently

Generally speaking, the price of API 5L X52 PSL2 steel is determined by supply, demand, cost, external environment and other factors. Since the beginning of this year, high demand combined with high cost of raw and fuel materials, international monetary easing policy, environmental protection and production restriction policy requirements, capital market speculation and other factors have promoted the rapid rise of API 5L X52 PSL2 steel prices.

Cost is another important factor to support API 5L X52 PSL2 steel price. In order to stimulate economic recovery, the global monetary easing policy has promoted the general rise of commodity prices. At present, the prices of iron ore, scrap steel, coke, coal and other raw and fuel materials for steel production are still at a high level, and there is a further upward trend.

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