China steel market trend forecast


Firstly, let’s take a look At the average price of hot rolled steel in China,Compared with the last trading day, Steel prices are dropped a little. As of today, The price of hot rolled steel is 763$/ per ton. But we see the price from middle of the last month until now, the overall price has shown an upward trend.

Here are some analysis about steel price trend in China for your reference and to make better purchase plan: According to CCTV reports, China is about to hold the Beijing Winter Olympics in February 2022.According to statistics from the Ministry of Environmental Protection, North China and Huaibei and many areas the air pollution is serious.

In order to ensure the successful holding of the Winter Olympics period, the government issued the document that strictly control the production of heavy industry enterprises (from January 1 to March 8). 

This will undoubtedly have a great impact on the later delivery time.

Usually most of our Southeast Asia customers start their project in March, so they need to place the order in this month to make sure it, causing the high demand but short supply, the price trend we hold an upward attitude

Due to the emergence of the mutated strain of the new crown virus Omicron, some countries have to close the country. As a result, the number of ports reached by ships has decreased, and shipowners have increased sea freight, especially in South America. At present, there has been a trend of rising sea freight.

As there is the Chinese New Year in end-Janu, usually the Logistics will be on holiday in the first 15 days, and will be back to work on end-Feb., so it will be better that we ship the cargo before New Year, or will wait for more than 1 month. 

That is to say, if you have the requirements, now is the best time to place the order, and we can ship the cargo for you within one month.

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