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The price of steel has more than doubled Steel mills raised prices widely


Date:

2023-04-28

November 25, the domestic steel market generally rose. Domestic 10 steel mills raised construction steel factory price 30-80 yuan/ton.

November 25, the domestic steel market generally rose. Domestic 10 steel mills raised construction steel factory price 30-80 yuan/ton. The average price of 20mm third-class seismic rebar in 31 major cities in China is 4820 yuan/ton, up 27 yuan/ton from the last trading day. Recently, the production of rebar rose slightly, the factory and social stocks both declined, and the apparent consumption rose slightly.

America is in the grip of a steel shortage, and domestic steel companies' profits are soaring

In 2020, due to the impact of the epidemic, steel factories in various countries began to shut down and suspend production, resulting in a significant decline in output. This year, after the economic recovery of various countries, the demand is increasing, but the steel production has been seriously unable to meet the demand, the price continues to rise. Since the beginning of this year, steel prices in the United States have been rising, steel generally up more than 200%.

America is in the grip of a steel drought. The rising cost caused by rising steel prices directly leads to the production and operation difficulties of many factories, unable to survive. Since March this year, 30,000 factories across the United States have been shut down and unable to supply goods.

Unlike in the United States, our country is not only self-sufficient, steel-related companies are making a lot of money. On November 19, the central bank released a report on China's monetary policy implementation in the third quarter of 2021. It is mentioned that the steel industry will soon be included in the national carbon emission trading market, and carbon emissions will be limited by quotas, which puts forward higher requirements for enterprises' low-carbon transformation. In order to achieve the goal of carbon neutrality, the steel industry has become a focus of regulation, production cuts in the steel industry and the increase in demand for economic recovery, resulting in the supply of steel, a large price. All the time, China's iron and steel industry has been in a state of excess capacity, major iron and steel enterprises are desperately cutting prices and internal volume, the industry profit margin is low, after production cuts and price increases, the profits of the entire industry has rocketed.

Key Words:

Steel price