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Reasons for the surge in A387 grade 12 class 1 steel prices

Posted:2021-04-12 14:37:31

What caused the price of A387 grade 12 class 1 and so on steel to suddenly rise at such a rapid rate? According to the analysis of professionals, it mainly focuses on three very key reasons.

First, this is a phenomenon that will inevitably appear under economic development. Steel is a commodity that is inevitable in the development of modern industry. Even if the price rises, its demand is difficult to drop. Under such circumstances, A387 grade 12 class 1 steel price increases are also conceivable.

Second, there is a serious shortage of inventory. Due to environmental protection issues, many steel mills are currently in a state of suspension, which makes steel stocks seriously insufficient. When supply exceeds demand, how can the A387 grade 12 class 1 steel price not increase?

Third, it has been greatly affected by the rise in global steel prices. With the occurrence of the "Black Swan" incident, the economies of many countries have not yet entered the stage of formal recovery. As a result, while steel production in other countries is affected, the rise in international A387 grade 12 class 1 steel prices is also inevitable. Over time, China's domestic market will naturally not be able to stay out of it!