Reasons for the current price increase of Chinese steel:

1.Tangshan’s annual production limit is 30%-50%.
2. The Hanxing Wu’an area began to limit production in April.
3.Environmental protection inspection in Jiangsu Province, limited production of southern rebar
In the first year of the 14th Five-Year Plan, the 100th anniversary of the founding of the Communist Party of China, the world after the COVID-19 is eager to boost economic growth, Global demand is strong, raw materials are scarce, and there is no reason why prices will not rise