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Why did steel suddenly increase in price in 2020?
From 65438 to June 2020, the price trend of scrap steel market showed a V-shaped trend, and the fluctuation range of scrap steel market price was 600-750 yuan/ton. The high price of domestic scrap steel market appeared at the beginning of the year. 1 At the end of the year, the price of Tangshan 6 heavy waste market in Hebei Province was 2605 yuan/ton. The low market price appeared in early April. According to statistics, on April 9th, the market price of Jiaxing Taozhuang punching materials was 1860 yuan/ton. The price trend of scrap steel market in the first half of the year was affected by public health events. In the first quarter, the supply and demand of scrap steel market was weak, the opening and closing time of electric furnace and more than half of converter enterprises was delayed, the scrap steel market was semi-stagnant, and the market price and the purchase price of steel mills fell precipitously. Policy dividends continued to be released in the second quarter, and "new infrastructure" strongly promoted the demand for scrap steel. With the orderly output of finished products in steel mills, the profit of finished products gradually improved, and the market price of scrap steel began to stop falling and rebound.

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