Since September 2020, the price of steel material start to increase slowly.
From late March to early April, 2021, the prices soared and affected the industries of steel pipe, steel fittings, steel flanges, etc. Rebar and wire rod are mainly used as building materials in real estate, while the downstream of hot-rolled coils are manufacturing industries such as automobiles, home appliances, and shipbuilding.
Here, we explain the relation with a image
In these months, suppliers of steel material send news of price increasing everyday. From Feb.28, 2020 to April. 2nd, 2021, the price of Plank steel, Profile steel, steel pipe are all keeping rising.
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Until today, the price of steel material has average increased 30% compared with last year. And the price will up to a new high point.
Which industries will be affected by the price rising?