China's steel market price rises in 2020

In 2020, the price of China's steel market will be suppressed first and then increased, with wide fluctuation and rise. According to market monitoring data, on November 10, 2020, China's steel price composite index was 155.5 points, up 7.08% over the same period last year. Among them, the long steel index increased by 5.98%, and the plate index increased by 10.31%. Compared with the beginning of this year, China's steel price composite index rose by 6.21%. Among them, the long steel index increased by 8.45%, and the plate index increased by 5.75%. Overall, China's steel price index center of gravity has moved up.

From the analysis of the trend of each month in the whole year, China's steel prices show a trend of first restraining and then rising. In the first quarter of this year, due to the negative impact of the epidemic, China's steel market was in a downturn. With the strengthening of steel demand, it has been out of the trough since April and has been rising continuously. As of November 10, China's steel composite price index was up 15.6% from this year's low (April 8). Among them, the long steel index increased by 15.3%, and the plate index increased by 18.9%.

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