Did China's steel prices rise or fall in 2018?

Since the beginning of this year, the effect of reducing steel production capacity has exceeded expectations, and outdated production capacity such as medium frequency furnaces and "Ditiao Steel" has been fully cleared. Recently, key steel production areas in the Beijing Tianjin Hebei and surrounding "2+26" cities have entered a heating season production restriction period, and the strictest "shutdown orders" have been fully implemented. Against this background, what is the price trend of the steel market in 2018?

When will the price of steel rise like a rainbow?

Data shows that during the week from November 27th to December 3rd, the prices of deformed steel bars in some cities in East and South China increased by over 500 yuan on a weekly basis. The steel index in December reached approximately 5110 yuan/ton, which has increased by 1720 yuan/ton since 2017, an increase of 51.63% compared to the same period last year. The price index also reached a new high in 6 and a half years, and the last time the same price occurred was on May 4, 2011.

Warmly congratulate Nantong Weier Precision Screw Co., Ltd. on successfully revamping and launching its official website!

Warmly congratulate Nantong Weier Precision Screw Co., Ltd. on successfully revamping and launching its official website! Welcome friends from all walks of life to our company to discuss cooperation and provide valuable opinions.

Will's predecessor, Haimen Weida Screw Co., Ltd., was established!

Will's predecessor, Haimen Weida Screw Co., Ltd., was established!