Since the mid and late April, either price of stock or the futures has been increasing steadily. All the steel factories raised their prices. Up till now, the price has been risen more than 400 yuan.

COVID-19 was under control basically in China from the beginning of April, the resumption of work and production accelerated everywhere as well as logistics. Therefore, the steel price appeared the trend of shock recovery with these phenomena. What’s more, with the anticipation of the two sessions and the stimulation of environmental protection production limitation, there was a fast rise of steel price at mid May. But after the two sessions finished, the policy did not achieve the desired effect, so prices fell back after a significant rise.

Since the mid and late April, either price of stock or the futures has been increasing steadily. All the steel factories raised their prices. Up till now, the price has been risen more than 400 yuan.

COVID-19 was under control basically in China from the beginning of April, the resumption of work and production accelerated everywhere as well as logistics. Therefore, the steel price appeared the trend of shock recovery with these phenomena. What’s more, with the anticipation of the two sessions and the stimulation of environmental protection production limitation, there was a fast rise of steel price at mid May. But after the two sessions finished, the policy did not achieve the desired effect, so prices fell back after a significant rise.