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Market expects steel prices to fluctuate sharply in near future

发布时间:[2022-2-28 12:48:36]    浏览量:147次
The Russo-Ukrainian War has led European and American countries and Japan to impose economic sanctions on Russia, which may cause tension in the global supply chain of raw materials and push up steel prices in the future.

According to statistics, Russia produced 76 million tons of crude steel in 2021, while Ukraine had 21.4 million tons. The market analyzed that the two major steel-producing countries will be hindered against its export delivery, and overseas buyers will also tend to be conservative and put orders to domestic mills. It was expected the market price will fluctuate greatly.