Recently, the rise in steel price has attracted a lot of attention. As of mid-May, the average price per ton of steel for the eight major varieties in the national steel market has exceeded 6,600 RMB per ton, a year-on-year increase of 75%. Reasons for the skyrocketing steel price in 2021 1. Increased market demand …
Reasons for the Skyrocketing Steel Price and Future Price Trends Read More »
Chinese buyers are working hard! Iron ore jumped 10% to hit a record of 226 US dollars, demand only increased. At the opening of the market on Monday, iron ore futures prices rose sharply, continuing a record increase due to strong demand in China, and as the global economy recovers, commodity prices have seen a …
Iron Ore Jumped 10% to Hit a Record of 226 US Dollars Read More »
Under the shadow of the pandemic, global shipping may usher in the busiest summer, which is stronger than last year when “a container is hard to get”. On the one hand, the pandemic has changed the way people behave, and people have become keen on online shopping. In addition, the economic stimulus policies of the Biden …
Global Shipping Will Usher In “The Craziest” Summer In History Read More »
As one of our raw material suppliers, recently Baosteel made a domestic future price adjustment of May 2021 of steel pipe, tube, bar and wire products, details are as follows (exclude tax unless otherwise specified): Products involved in domestic furture price adjustment Billets, bars. Products of this division: carbon die steel increased by 400 RMB/ton, …
