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According to our study, price trend of Chinese steel in 2018 is steady but a little rising, and with some fluctuation.
一.Chinese steel prices are rising, till the end of January 2018
1.In recent years, China has been eliminating backward production capacity;
2.China economy is still turnaround, the new projects continued to start;
3.Various related costs, such as coal, iron ore are rising;
二.Steel prices are now up to stabilize, specific to the 16/40/45/50Mn; 40Mn2; 40Cr; alloy steel; 45/80 Carbon steel, which was widely used in our earth moving machinery spare parts industry.
三.2018 Chinese Spring Festival will be February 15th-21th. But most factories will have to stop working for a month, from the end of January to early March;