Steel bar and steel pipe price rising after CNY2021

Steel bar and steel pipe price rising in 2021

Ruiyang company analysed the reason as below:

1.Iron ore prices hit new high amid steel price trend

2.Chinese mill factory together up the price day by day

After CNY(Chinese New Year),steel bars price rising,adding the less producer and facilities reparis,enviroments protection policy,large stock before New Year,a little weak of demand.Adding the nickle price rising in stainless steel,also together with aluminium,cooper price rising,steel price seems with strong power to hold some time

3.Accordingly,the steel bars are raw material or steel pipe,pushing seamless steel price rising without hesiatate.

4.At the same time, inventory companies are reluctant to sell in order to get more profits, and then exacerbate the rise of stock steel pipe price.

5.Due to Corona Virus affected,China goverment control well,vaccine has been widely used in the world. China domestic economic demand continues to grow,  neighboring countries steel production capacity has not been fully restored. This is also a factor contributing to the rise of steel prices. 

6.In addition, the economic recovery of the United States will increase the global steel consumption, which will potentially drive the growth of China

Above all,the steel pipe price rising in 2021 now

When you need steel pipe,steel tube,stainless steel tube,stainless steel pipe,seamless steel pipe,seamless tubing,It is better the earlier you buy.

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