BV grade A ms steel price is expected to stabilize and strengthen in 2021

At the end of 2020, the relevant person in charge of the Ministry of Industry and Information Technology said that the crude steel output should be firmly reduced in 2021 to ensure that the crude steel output decreased year on year. This year, the de production capacity of the iron and steel industry will increase, which may lead to the reduction of BV grade A ms steel supply.

If the government introduces stricter standards and measures in terms of carbon emissions and air quality improvement this year, some major steel provinces will become the focus of regulation. From this point of view, it is difficult for BV grade A ms steel production to increase substantially in 2021, market supply pressure will also decrease, and the contradiction between BV grade A ms steel supply and demand will improve. This is also conducive to the stable operation of the steel market in 2021 and the stable and strong BV grade A ms steel price.

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