On September 1st, the price of Nanjing API 5L X42 pipeline steel plate is stable and strong. As of press time, BBN STEEL is quoting 4190 yuan/ton for API 5L X42 carbon steel plate, 4220 yuan/ton for 25mm thick steel plate, 4390 yuan/ton for 10-20mm thick steel, and 4590 yuan/ton for 5mm thick API 5L X42 pipeline steel plate.
Today's overall market quotations strengthened slightly, merchants were cautious, and overall transaction performance was average. In terms of resources, recent market resources have been arriving one after another, mainly including general plate resources of Wuhan Iron and Steel, Tangshan Iron and Steel, Wuhan Iron and Steel, Xicheng, and
API 5L X42 pipeline steel plate and sheets resources of Nanjing Iron and Steel and BBN STEEL.
Taking into account the coming of Jinjiu, it is expected that the short-term price of API 5L X42 pipeline steel will continue to rise.
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