Fuzhou Steel Prices Rose 35.5% In The First Half Year

The largest increase in angle steel

Up 64.16%, from an average of 3301 yuan per ton to 5419 yuan; however, the price of stainless steel plates dropped by 26.33%, from 38448 yuan per ton to 30434 yuan, becoming the only steel variety with a drop in price. 3 percent of steel materials, including zinc coated plates, welded pipes and galvanized pipes, increased by 18%.

The price monitoring data of the logistics center show that steel prices (except stainless steel plates) generally show a rising trend from January to January this year, compared with January in June, it rose by 22.61%, although in late June, over two weeks, the price of more than half of steel varieties returned, but still higher than the corresponding price in May.

Fuzhou Southern steel logistics center responsible person believes that the current iron ore prices increased by 90% over last year, coal electricity and oil pportation prices are high, resulting in the cost of production of steel companies continue to climb, compared with the current steel price is not at a high level.

In addition, the snow disaster in the south, the Wenchuan earthquake and the recent floods in the south this year are likely to expand the demand for steel, and the impact on steel prices may follow, but the pressure of inflation will continue to increase, laying an uncertain factor for the future trend of the steel market. Inflation may bring down the economy and lead to the continued callback of steel prices.