Why did the price of steel rise so sharply

First, why did steel prices rise so sharply

1, billet stretching, steel prices

March 20, 21 two days, Tangshan billet price increased by 130 yuan/ton (Saturday up 110 yuan, Sunday up 20 yuan), reached 4620 yuan/ton, a new high of nearly 13 years, North China, East China steel mills continue to adjust higher prices, the market with rising sentiment, have raised prices, resulting in the spot market price is booming;

2, Tangshan production limit, carbon peak proposed

Tangshan exceeds the expected limit of production, the utilization rate will decline, or will make the industry supply and demand contradiction is alleviated, is conducive to the inventory.

In addition, the recently published first draft of the Steel Industry Carbon Peak and Carbon Reduction Action Plan proposes that the steel industry will achieve carbon emissions peak before 2025.Production is conducive to the rise of steel prices, industry experts believe: with carbon peak, carbon neutrality into the overall layout of ecological civilization construction, energy, transportation, industry, construction and other key industries will usher in a new round of change.

In general, Tangshan area of recent production limits, exacerbated the market for steel supply contraction expectations, promoted the cost and the recent rapid rebound in steel prices.For the whole year, in the context of carbon peak and carbon neutral, the domestic steel market will present the pattern of supply and demand increase, is expected to continue the upward trend of the whole steel price.Therefore, in the medium term, we can continue to consider the opportunity to buy on dips.

Second, how about a deal after the rise

(1) the situation: a good deal, more than before, to make money

② situation two: not good, the inquiry is more, less transaction

Third, the next steel price how to go

In my opinion, steel prices will enter the next stage of high adjustment, that is, to maintain high, will not fall.From the recent trend, the price of lumber has entered a relatively high position, one is the phased influence of policy drive;The second is the futures plate fluctuating influence mentality;Third, the high cost is not allowed, but the demand is less than expected, most of them are waiting;In personal view, is expected to still have a small rise tomorrow, the day after the high will fall, please pay attention to!