A New Round Of Steel Price Increases In China Is Up To 2000 Yuan Per Ton.

A new round of rising price of steel has started in China.

Yesterday, Wuhan Iron and Steel Group introduced the sale price of iron and steel products in August, including the price of the main products, including rolled plate, wire rod, hot rolled steel and silicon steel, almost all over the line, of which the maximum price increase was 2000 yuan / ton.

At the same time, Kun steel, Shagang and Panzhihua Steel also raised some prices in early July.

Prior to this, affected by many factors, such as rising raw material costs and tight market supply and demand, large domestic steel enterprises have raised the ex factory price of steel at the beginning of this year, but steel companies seem not satisfied.

"We also noticed this phenomenon," a senior steel researcher of the joint metal network said yesterday. Recently, domestic and small steel enterprises have begun a new round of raising prices, with a price increase of 50 yuan to 2000 yuan per ton (excluding tax). Compared with the beginning of the year, the price increase has intensified in the first half of this year.

"Steel prices rise and rise again, and steel companies blame the cause on iron ore, coke, electricity prices, oil prices and pportation prices." the researchers believe that these factors are not valid. "This price increase is unilaterally promoted by steel enterprises".

A joint metal network survey shows that steel market demand is not large at present. "Many traders are shipping very little", and now they are in the off-season of steel consumption. Now they basically reach the balance of supply and demand. "Downstream acceptance capacity and purchasing power are almost saturated, and steel prices have reached a peak."

He believes that the possibility of falling steel prices in the second half is greater.