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.
Causes And Countermeasures Of Concave Deformation Of Steel Drum Body In Production ProcessJuly 1, 2022First, the material physical and mechanical properties of steel drums are reduced after thinning, which is easy to cause the dents after the drums are knocked.The thinning of the steel drum makes the ...view
How Plastic Drum Cap Seals Ensure Secure Transportation of Hazardous MaterialsJanuary 31, 2024In today's rapidly evolving global economy, the transportation of hazardous materials is a critical and complex process. Ensuring the safety and security of these potentially dangerous substances ...viewHow to Choose the Right Locking Ring Clamp for Your ProjectJanuary 18, 2024Locking ring clamps are essential tools in various industries, providing secure and reliable connections for different projects. Whether you're working on plumbing, woodworking, automotive, or any...viewVale's Chief Executive Says Iron Ore Is Not In A SupercycleJuly 1, 2022Iron ore is not starting a new supercycle, according to Vale chief executive Eduardo Bartolomeo. In a FinancialTimes interview, the ceo estimates that demand will level off in two years.Bartolomeo say...view
How To Choose Excellent Drum Cap SealsJune 30, 2022First, measure thickness of the cap seal, the most common thickness of drum cap seals are 0.25mm to 0.32mm, varies according to customers’ requirement. If the thickness of cap seals are lower than it...viewVOCs Governance Potential Security RisksJuly 1, 2022In the process of VOCs governance, there are some security risks, if not accurately identified, it may cause a security accident. Combined with the common environmental protection transformation metho...view
EN
ko 
fr 
de 
es 
it 
ru 
pt 
ar 
vi 
th 
