How Did The Downstream Industry React For Steel Price Rising
Chen Yangqiao, deputy general manager of China Railway Construction Materials Co., Ltd., has been engaged in steel procurement for more than 10 years. The company concentrates on purchasing steel. In addition to internal guarantee, it also provides construction steel for large state-owned enterprises such as China State Construction and China Communications Construction Corporation. He told reporters, because steel prices rose too fast, such as the price of seamless steel pipe, welded steel pipe, square steel pipe, pipe fittings and so on, obviously feel the construction company capital pressure increases, slow down payment. As trading firms, there is little incentive to keep building up stocks.
Open the automobile website, the price promotion information is blown in. There is no sign of cost pressures from rising steel prices being passed on to consumers. Mr. Wu, the general manager of a materials company in Shanghai, who has been purchasing steel for auto parts for more than 20 years, said some manufacturers were afraid to raise prices easily.
Since the end of last year, the home appliance industry has collectively announced price increases. In the first quarter of this year, many leading enterprises raised prices again. May Day was originally a traditional discount season for the home appliance industry. But this year, however, there has been a wave of price increases, ranging from 5% to 20%.