The rising Chinese steel price

At the beginning of the new year, steel prices rose significantly. There are four reasons for the rise of steel prices.

Firstly, the Olympic Games, the two sessions and the heating season had an influence on steel industry. And the resumption of production of steel enterprises is slow. At the same time, in order to improve the environmental quality, the resumption of production in the second half of March was restricted to a certain extent.

Secondly, for architectural needs, the weather is getting warmer and the demand for building materials is increasing. Real estate is still the main sector of China’s development. In March, it is expected that construction projects will be carried out gradually, and the demand for construction steel will be significantly improved compared with last month.

Thirdly, Increasing demand of domestic manufacturing industry. Recently, the Ministry of industry and information technology pointed out that steady industrial growth should be placed in an important position and efforts should be made to boost the industrial economy. In particular, cars and ships will make significant efforts. The demand of manufacturing industry has exacerbated the tension of steel.

Lastly, for steel export. China’s steel export prices rose slightly in February. However, compared with other countries, the increase of export price is small. So the operation is relatively low, and the advantage of steel export price is more obvious. With the comparative advantage of China’s steel export quotation, the steel export orders of China have increased under the superposition of the conflict between Russia and Ukraine.

The steel prices rose combined with domestic and foreign factors and expected to continue to grow. So the price of metal cupboard is bound to rise continuously affected by the rising price of raw materials. If there is a need in this regard, please make arrangements as much as possible.

Post time: Mar-03-2022