There is still one week to go before our seven-day National Day holiday. Recently, steel prices have risen gradually with the approach of the holiday, mainly for the following three reasons:
1. Power restriction and production reduction policy.The government recently imposed power cuts on companies in the chemical industry, steel industry, etc. as many regions of the country exceeded their first-half energy consumption standards.As a result, steel production will be reduced and then prices will go up.
2. The price of paint went up.The price of color coated product like PPGI is increasing as paint price rises.
3. Natural gas price is up.Production costs have increased due to higher gas price, which will eventually lead to higher steel material prices.
The above reasons will make the recent steel production has a certain degree of decline, while the global steel demand is still increasing. Therefore, the steel prices will still show an upward trend in the short term. If you want to get the best price, it's all about buying early. Are you ready to stock up?