Raw materials continue to rise.
First of all, the raw materials of steel are rising, and the global iron ore price is also rising wildly in recent months, which will lead to the rising cost of raw materials of steel. Because of the support of rising raw material prices, the price trend of steel will continue to rise.
Global inflation has pushed up the price of commodity futures.
Because the emergence of the COVID-19 epidemic has led to the slow growth of the global economy, and in order to stimulate economic growth and get rid of the negative impact of the COVID-19 epidemic, all countries in the world have adopted relatively loose monetary policies, while in order to stimulate economic recovery, the United States has issued an additional $654.38+0.9 billion, which has also led to global inflation. In the case of inflation, commodity futures prices will continue to rise. Especially in 202 1, the situation of inflation is more obvious, so under such circumstances, the whole market is relatively loose, which suddenly pushes up the prices of products on the market.
The market demand is strong.
China has well controlled the COVID-19 epidemic, so the national economy has begun to recover, and the demand for steel in China's economy is also rising. But now the world is in short supply. The large-scale stimulus policy of the United States has also led to a large demand for steel in many infrastructure projects in the United States, and steel is in a state of short supply worldwide, resulting in insufficient supply in the steel market and short supply, and steel prices will naturally rise.
If it affects the whole body, the rise of steel prices will also involve the rise of other commodities and affect our daily life, so we should be alert to the impact of high steel prices on China's economy.