China's steel prices have risen rapidly in the past month. As of November 20, the spot price of thread has increased by 360 yuan/ton to 4,080 yuan/ton from October 23. The spot price of hot coil in Shanghai has increased by 270 yuan/ton to 3,990 yuan/ton over the same period. Ton.
Under the pressure of production, the core fulcrum of the supply and demand balance of China's steel market in 2023 is strong steel exports: from January to October 2023, crude steel surface demand (crude steel diameter, including steel billets) fell by 1.5% year-on-year, while net steel exports fell by 1.5% year-on-year. An increase of 64.6%.
From this point of view, the price and volume of steel exports this year are the anchors for price changes in China's steel market this year and will restrain the continued rise in China's steel prices.
At present, among the products of Royal Steel Group, the price of channel steel is relatively more advantageous than that of other export companies. If you have recent needs to purchase channel steel, please contact Royal Steel Group as soon as possible.
Contact Us for More Information
Email: sales01@royalsteelgroup.com(Sales Director)
chinaroyalsteel@163.com (Factory Contact)
Tel/WhatsApp: +86 153 2001 6383
Post time: Nov-22-2023