Steel Price Soared in China

Steel price in China has been increasing incrediably since Oct. 2020. It is reported that in North China, carbon steel price has RMB1,000/ton incresing wheareas in the city Auwell located, Ningbo,this figure is RMB1,270/ton. This has caused big issue for export business, neumerous of orders suspended or cancelled due to the cost issue caused by the skyhigh steel price.