Views: 0 Author: Site Editor Publish Time: 2021-12-11 Origin: Site
According to data released by the China Iron and Steel Association, since September 30, the domestic steel composite price index (CSPI) has fallen sharply. As of December 3, it has fallen by 16.06% in nine weeks.
At the same time, according to the “Securities Daily” reporter, before the start of this round of decline in steel prices, the price of iron ore, the upstream raw material of the steel industry, has already seen a significant drop.
China Iron and Steel Association data shows that the domestic iron ore price index (CIOPI) has continued to fall since its high on July 21, and has fallen by 27.73% as of September 30. As of December 3, it has fallen by 40.77%.
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Fudao Materials has an independent steel pipe factory, GI/PPGI factory, and hot-rolled steel plate processing factory.