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Why are steel prices rising

2021-05-12

Why are steel prices rising

Client please order a.e.a.p. to avoid the increaseing costs. 

"May Day" after the steel prices skyrocketed "crazy stone" behind the reasons?
At the end of the May Day holiday, domestic steel prices rose rapidly, giving birth to the new online word "unarmed "—— describing the anxiety that steel prices were out of stock when they rose rapidly.
According to the latest weekly report of China's steel price index, the price index of western rebar at the end of April was 5146 yuan / ton, up nearly 400 yuan / ton from 4751 yuan / ton at the end of March.
According to the monitoring data of Lange Iron and Steel Cloud Merchants platform, on May 8, the average price of 25 mm grade rebar in key cities in China was 5661 yuan / ton, up 106 yuan / ton from the previous day, while the price of hot rolled coils reached 6118 yuan / ton on the same day, breaking the record of 2008.
The price of 7000 is already in mid-may.
Why is the recent steel price rising so fast?
Will the steel price rise later?
Some views believe that due to various factors ,2021 steel prices are difficult to fall significantly, the year will remain high volatility.