The price of ordinary steel continues to rise in shock
The reference price of rebar on December 21 was 3981.11 yuan/ton, up 21.11 yuan/ton compared with the previous day. Since December, it has risen by 5.66%. Over the same period, wire rods rose 1.44% accumulatively; The I-beam increased 2.57%. The main logic of the steel price rise since December comes from two aspects: cost support and a large number of steel mills’ shutdown.