The Price Of Ordinary Steel Continues To Rise In Shock

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.