Plastic steel market materials shortage, raw materials prices will continue to rise

At the end of last year, they were still shouting "one kilogram of steel cannot sell for cabbage". In just one year, the price of steel successfully rebounded, rising from the low point of 1800 yuan/ton last year to the current high of 3400 yuan/ton. The recent sustained rise in steel prices is actually the result of the combined influence of multiple factors. But the main reasons for this are the rising prices of iron ore and coking coal raw materials, the recent crackdown on "ground strip steel" in Jiangsu, Hebei and other regions, and the three main factors driven by the futures market. In addition to being affected by the promotion of capacity reduction, the increase in raw fuel prices required for steel production has also become a major factor driving up steel prices.
Driven by the good performance of the futures market, the steel spot market has also seen a rise one after another. After reaching 2900 points recently, the steel billets have not stopped and the upward trend is not decreasing. According to statistics, on December 8th, 12 steel mills nationwide released price adjustment information, and the ex factory price of steel thread in Yunnan and Guangxi regions has been around 3900 yuan.