Currently, steel prices continued to rise. The reasons are even more complex.
First, market demand is picking up. Since May 2020, China's economy has gradually returned to normal, and China's demand for steel has gradually returned to normal. Various infrastructures have contributed to steel. In addition, after entering 2021, the economy of many countries in the world has begun to recover gradually. Many people may worry that steel prices will rise in the future, so they will buy some raw materials in advance. This market demand is also an important reason for the rise in steel prices.
Second, iron ore prices rose. In the past year or so, global iron ore prices have risen sharply. In fact, against the background of rising iron ore prices, many steel mills can only be in a passive position. Under the background of rising iron ore prices, the steel-making cost of steel mills has risen rapidly, which is also one of the main driving forces of rising steel prices in the past period.
Third, promote capital. The growth rate of steel demand in the world is obvious, but the growth rate of this market demand is obviously contrary to the growth rate of steel prices, which indicates that some steel prices are in bubble. For steel futures, as long as someone takes orders and the price is higher, the price will continue to rise.
Short comments: Driven by various factors, global steel prices have continued to rise in the past year or so. Therefore, the steel drum price is also on the rise, causing the price of some related industries, like steel drum packaging closure, to continuously rise up.
Maintenance and Repair of 200L Old Steel DrumMay 26, 20231. The open-air steel drum storage yard should not be located near railways and highways, but there should be dedicated roads; It is also not suitable to be located at the foot of a steep mountain. Th...view
Indian Scrap Market Is Stable And Expected To RiseJuly 1, 2022Indian imported scrap prices have remained stable on-week on the back of limited buying interest from the mills.UK-origin and US-origin shredded scrap offers have firmed at $525-530/tonne CFR Nhava Sh...view
PetroChina Achieved Net Profit Of 27.7 Billion Yuan In The First Quarter!July 1, 2022On April 29, China national petroleum co., LTD. (hereinafter referred to as the "company"), announced the first quarter of 2021, the company seize the macro economic recovery and rebound in ...view
Advantages of Plastic BarrelsApril 18, 2023Plastic drums, also known as polyethylene drums, are ideal containers for storing chemicals, foods, medicines and other items. Before using them, you need to know some important things to ensure that ...view
Packaging Market And Development Trends In North AmericaJuly 1, 2022North America is the world's second largest packaging market after China. As of 2017, the apparent packaging consumption in North America was approximately US$2030 billion. Although packaging in N...viewThe Price Trend Of Construction SteelJuly 1, 2022Construction steel: On April 8, the average price of 20mm three-level seismic rebar steel in 31 major cities in China was RMB5123 / ton, down by RMB5 / ton compared with the previous trading day. This...view
EN
ko 
fr 
de 
es 
it 
ru 
pt 
ar 
vi 
th 
