The demand for sheet metal is recovering, and the market for steel plates and coils is stable with an upward trend

Entering the second quarter, the operating rates of downstream construction machinery, automobile manufacturing, and hardware processing industries continued to rise, and the actual trading volume of domestic hot-rolled steel coils and medium thick steel plates significantly increased. The overall market trend showed a steady recovery.

According to feedback from the frontline market, processing enterprises and equipment manufacturers in various regions have accelerated their stocking pace, with a continuous increase in inquiries and orders for conventional steel plates and industrial grade steel coils. The speed of inventory digestion in the circulation process has also accelerated. Supported by the supply-demand relationship, mainstream steel prices have remained stable and relatively strong, and the overall market sentiment tends to be cautious and optimistic.

As a key steel production enterprise in the region, Sanhe Steel closely follows the market rhythm, arranges the production schedule of steel plates and coils reasonably, and allocates spot inventory as needed to ensure timely delivery of customer orders. At present, the supply of standard steel plates and coils in enterprises is stable, which can meet the bulk procurement needs of different downstream industries.

The industry generally believes that with the continuous release of subsequent infrastructure projects and manufacturing orders, the market demand for steel plates and coils is expected to continue to recover, and prices will also maintain a stable and positive trend.