Currently, steel prices continued to rise. The reasons are even more complex.
First, market demand is picking up. Since May 2020, China's economy has gradually returned to normal, and China's demand for steel has gradually returned to normal. Various infrastructures have contributed to steel. In addition, after entering 2021, the economy of many countries in the world has begun to recover gradually. Many people may worry that steel prices will rise in the future, so they will buy some raw materials in advance. This market demand is also an important reason for the rise in steel prices.
Second, iron ore prices rose. In the past year or so, global iron ore prices have risen sharply. In fact, against the background of rising iron ore prices, many steel mills can only be in a passive position. Under the background of rising iron ore prices, the steel-making cost of steel mills has risen rapidly, which is also one of the main driving forces of rising steel prices in the past period.
Third, promote capital. The growth rate of steel demand in the world is obvious, but the growth rate of this market demand is obviously contrary to the growth rate of steel prices, which indicates that some steel prices are in bubble. For steel futures, as long as someone takes orders and the price is higher, the price will continue to rise.
Short comments: Driven by various factors, global steel prices have continued to rise in the past year or so. Therefore, the steel drum price is also on the rise, causing the price of some related industries, like steel drum packaging closure, to continuously rise up.
The Dilemma Of Low Profit For Bottle CapsJuly 4, 2022As an integral part of the packaging bottle, the bottle cap mainly plays the role of sealing. Although the bottle cap is small, there are many types, covering a wide range of food, beverage, medicine,...viewEpoxy Phenolic Resin PaintAugust 18, 2023Today we introduce epoxy phenolic resin paint, which is a high-performance, high-crosslinking, two-component epoxy phenolic tank paint with outstanding heat and solvent resistance.All surfaces to be c...viewIs it Better to Tighten the Barrel Plug and Bolts of Steel Drum Enclosure as Tight as Possible?May 12, 2023Closed steel drums have threaded plugs, while open steel drums have nuts on the drum hoops with bolts. Some factory inspectors will tighten loose plugs or bolts during regular inspections, thinking th...view
1.325 Billion Tons! In 2020, China's Steel Output Hit A New High!July 4, 2022On February 5, the Ministry of Industry and Information Technology announced the operation situation of the steel industry from January to December 2020. According to the published data, from January ...view
The Significance of Aluminum PackagingJuly 1, 2022Aluminum packaging offers numerous advantages, making it a valuable choice for various industries. Let’s explore some of the key benefits it provides:Stable Structure and Strong Barrier:Aluminum poss...viewDiscussion On The Selection And Evaluation Standard Of Air Purification Equipment in Metal Packaging IndustryJuly 1, 2022Environmental protection is under pressure, and the metal packaging industry urgently needs to solve the effective management of VOCsDue to the danger of VOC, many countries have issued laws to regula...view
EN
ko 
fr 
de 
es 
it 
ru 
pt 
ar 
vi 
th 
