Steel prices will continue to rise in shock in March

After the End of the Winter Olympic Games, the Winter Paralympic Games and the Two Sessions, the speed of the late recovery of the output of major domestic steel mills has accelerated; At the same time, the overall market sentiment has improved, multinational terminal projects have been launched, the domestic and international market demand for steel has been rising, and domestic steel may continue to fluctuate upwards in March.

Fengbao Pipe also foresees an increase on price of steel pipes from March to May, mainly due to the effects of the coming events as well as inspection of production lines of some big pipe mills.