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A graph showing the price of steel flange in Chinese yuan.

Analysis of Steel Prices 2021

During the 75th UN General Assembly in 2020, China proposed that “carbon dioxide emissions should peak by 2030 and achieve carbon neutralization by 2060”.

At present, this goal has been formally entered into the administrative planning of the Chinese government, both in public meetings and local government policies.

According to China’s current production technology, carbon emissions control in the short term can only reduce steel production. Therefore, from the macro forecast, the future steel production will be reduced.

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A graph displaying the price of steel, specifically for HEX BOLT.

STEEL PRICE ANALYSIS REPORT FROM DECEMBER TO FEBRUARY

The market demand has fallen, the prices of production factors have continued to rise, and the risk of stagflation has increased. Under such a background, steel prices will gradually break away from excessive premiums and slowly return to regular price fluctuations.

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A graph displaying the fluctuating price of steel in China.

STEEL PRICE ANALYSIS REPORT FROM JUNE TO JULY

Affected by many factors, China’s steel prices have fluctuated tremendously this year, and the price regular pattern in previous years have lost their reference value. Therefore, this article analyzes the changes in steel prices from May to July 19 from multiple angles, and predicts steel prices in the next August to November.

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