Prospects From the performance report of Valin Iron and Steel, we can see that the profit of steel has far exceeded expectations, even more than five times. In this case, we can draw a conclusion that the development prospect of steel is excellent. I remember reading an interview, and a leader of the steel industry said that it was really Versailles. He once said that their steel price is too high to go up any more, but it will still go up because the market is in short supply and there is nothing they can do.
However, even with the price increase, steel is still very popular in the market, and they can only try their best to increase production and meet the needs of all customers. From this speech, we can see that it is very admirable. No one bargains for an industry to raise prices, but the degree of timely supply can only show that steel is indeed of high quality and can be recognized, and its market share is rising.
The impact is obvious. The price increase of steel products should also affect the steel-related industries, and some construction machinery products also have soaring prices, with the price increase rate as high as five times. After all, the upstream has affected the downstream, and most leading machinery enterprises are once again preparing to raise prices to cope with soaring costs. It can be said that the situation of the steel industry is excellent, and the development of the steel industry should be maintained at a higher level in the second half of the year, and the profits will continue to double.
The price increase of steel is transmitted to the downstream industries, and the prospect of steel industry in the second half of 20021is naturally immeasurable and the situation is excellent.