5.24How much have steel prices gone up?

By the middle of May, the average  price of eight major types of steel in the national steel market broke through ￥6,600, nearly ￥400 higher than the highest point of ￥6,200 in 2008. It rose by ￥2,800/T compared with the same period last year, a year-on-year increase of 75%. In early May, the price rose by nearly ￥900. Varieties point of view, rebar per ton than at the beginning of the year rose ￥1980, hot rolled coil per ton than at the beginning of the year rose ￥2050. 

The China domestic steel prices rise at the same time as international steel prices, and the rise is far higher than domestic steel prices.

According to data from the World Iron and Steel Association, in Mid-May, the price of hot-rolled coil from steel mills in the Midwest of the United States was $1,644/T, equivalent to ￥10,570/T, ￥4,800  higher than the Chinese market.While the price of hot-rolled coil from Germany in the EU was $1,226/T also ￥2,116 higher than the Chinese market. 

According to the data provided by the China Iron and Steel Association, so far, China's steel price index has risen 23.95% than at the beginning of the year, and the same period, the international steel price index has risen 57.8%, the international market steel price rise is significantly higher than the domestic.