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Why is the price of 304 high in 2008?
The main reason is the soaring price of iron ore, which leads to an increase in the cost of steel mills:

First, stainless steel raw materials have risen, and the prices of ferronickel, ferrochrome and waste stainless steel have risen; The sharp price increase of raw materials such as nickel and chromium is the first driving force for the rise of stainless steel.

Second, the stainless steel futures market rose strongly, and the futures prices of nickel, nickel and stainless steel rose sharply in an all-round way, which made the spot stainless steel price rise.

Third, the price of steel mills has risen strongly and the willingness to hold prices is strong. Stainless steel manufacturers' prices have been increasing from 202 1 and 1. Whether the price of steel mills rises after the Spring Festival is a closed one, rising by more than 2,000 from 1, which fully drives the price of spot stainless steel to rise.

Fourth, the downstream demand is strong, the domestic epidemic situation is well controlled, and foreign trade orders in the Yangtze River Delta and Pearl River Delta have increased; The demand for stainless steel for household appliances and mechanical equipment is strong, and the price of stainless steel is rising due to the influence of national regulation.

Verb (abbreviation of verb) guesses that the price of nickel has risen sharply, and the price of stainless steel has followed suit, so that optimism continues to pervade the market. It is not ruled out that the price of fried nickel has reached a new high. China's chrome ore resources are limited, and more than 85% depend on imported ore. Foreign investors will take this opportunity to raise their chrome ore prices. With the increase of stainless steel production in China, the demand for chromium alloy increases, and the consumption of chromium ore also increases.