Recovering from the new covid-19 pandemic and pent-up demand has led to a surge in steel prices at a faster rate than raw materials, thus bringing huge profits to steelmakers.
In 2021, the gap between Fastmarkets' steel hot-rolled coil index, fob mill US and steel scrap No.1 busheling, index, delivered Midwest mill has widened significantly. As of mid-June, the average profit so far in the year was US $936.18 per ton; In 2020, the average gap was USD 354.32 per ton, and the profit margin in 2015 was only USD 257.39 per ton.
U.S. steel producers have been struggling to keep up with demand because section 232 tariffs and quotas implemented in 2018 make maritime suppliers uncompetitive. At the same time, the green agenda has become the focus of attention. It has created the demand for low carbon steel, which in turn has created the demand for ore metals and more and more waste. The combination of these factors enables local steel mills to determine prices, especially for flat steel used in manufacturing applications.
Short Comments: A surge in steel prices at a faster rate than raw materials, thus bringing huge profits to steelmakers while resulting in a steep price rise on steel products such as its packaging, steel drum closures.
CPLF 2021 8th Chemical Packaging And Storage Forum & Product Exhibition And Exchange Meeting Will Meet You in SuzhouJune 30, 2022CPLF 2021 8th Chemical Packaging and Storage Forum & Product Exhibition and Exchange meeting will meet you in Suzhou2021CPLF conference starts!CPLF2021 (8th) chemical packaging & storage &...view
Metal Packaging Has An Irreplaceable Position in The Packaging Industry With Its Excellent Performance And Superior Texture.July 1, 2022Metal packaging has an irreplaceable position in the packaging industry with its outstanding performance and superior texture.Timeshare safety: Metal packaging shows good stability, with high strength...view
SEFA: Demand For Steel Barrel Production Sheet in Europe Exceeds Supply! Prices Are High!June 30, 2022In Europe, there have been increasing media reports of longer and longer lead times at steel mills and serious delays in the delivery of steel already ordered. For example, andreas Schneider, a well-k...view
ICRA: China's Removal Of Export Tax Rebate Is Good For Indian Steel MillsJune 30, 2022China's export rebate cancellation on 126 steel products will slow the pace of Chinese steel exports and benefit Indian steel mills, says credit rating agency ICRA.China's steel exports rose 2...view
Express Delay ReminderJune 30, 2022Express Delay Reminder:Some of our customer reflected that the international express is delayed, there are many reasons for that.The impact of COVID-19, many countries are not recovered from the epid...view
The Ways Of Delivery CargosJune 30, 2022There are many ways to transport goods in foreign trade, mainly including ocean transport, railway transport, air transport, river transport, postal transport, road transport, pipeline transport, land...view
EN
ko 
fr 
de 
es 
it 
ru 
pt 
ar 
vi 
th 
