Forcast of the steel market in June, 2020

release time：2020/6/17 12:56:28

In June, the trade environment becomes tense, the traditional consumption season is coming, and the black market falls further in an all-round way, which is conducive to better realizing all kinds of shortfalls, pushing the moderate decline of high supply, and laying the foundation for restoring confidence in the future. It is suggested that June operation should continue to maintain the risk control strategy in May to prevent risk premium.

In may, the consequent of fundamental improvement for steel market is still not reach to the prospective, part of market price begins to fall slightly. Plus, there is a huge price difference between GCr15and 45# carbon steel, which up to 600-800￥ for per ton. Thus, the end-users are very cautious for purchasing them. At present, people are not satisfied with the performance of the industry chain of mechanic, vehicles and boat, supply and demand relationship is under pressure. It is expected that bearing steel market price will continue to adjust in June, the possibility of weak shock looks small.