This year, the U.S. steel market has undergone tremendous changes and prices have skyrocketed. As one of the most important commodities in the United States, steel is widely used in construction, bridges, automobiles and even spoons.
The increase in steel prices has already had an impact on the overall market. Although the NYSE Arca Steel Index fell by about 2% on Monday, June 14, it has risen by more than 38% since the beginning of 2021. The index includes listed companies in the steel industry.
Before this round of price increases, the US steel industry experienced years of chaos, and it plunged after the 2008 financial crisis. In the past few decades, the entry of foreign steel into the US market has led to intensified competition and the loss of hundreds of thousands of jobs in the US. Many steel companies, such as US Steel and Cleveland-Cliffs, have already started to reduce their production capacity before the outbreak of the new crown pneumonia. They never thought that steel mills could resume work at the current price level. .
In the first half of 2020, the new crown epidemic has led to a significant reduction in global steel production, especially in Europe, North America, South America and Africa. However, as of the end of last year, steel companies were struggling to cope with increasing orders. In the United States, the tariffs imposed on foreign steel during Trump administration also helped push up domestic steel prices.
Of course, it not just that the price of steel is rising. As the economy restarts, the cost of raw materials needed to produce all kinds of materials in the United States is rising. For example, timber prices have increased by 288% since April 2020.
We are currently unable to determine how long this trend of price increases can last, because long-term increases in commodity prices are rare. But if UBS forecast is accurate, construction costs may not drop in the short term.
Affected by The skyrocketing steel prices may continue until 2022, the Si3N4 Powder market is changing rapidly. These changes are indicators of market growth.This year-on-year upward trend in the market indicates that the next November 2020-2026 will show an oval but steady growth.If you are looking for Si3N4 Powder or buy Si3N4 Powder in bulk,please send an email to: firstname.lastname@example.org
The price of Si3N4 Powder continues to be affected by factors such as market growth momentum,various opportunities and challenges.However,during the forecast period from 2020 to 2026,the global Si3N4 Powder sales market is expected to continue to be above average.The growth rate will continue to increase.It is expected that from today to next week,the price of Si3N4 Powder will increase to a certain extent.
Due to changes in consumer demand,import and export conditions,and various investigations on the development of Si3N4 Powder,the cost of Si3N4 Powder is constantly changing.Taking into account the current market macroeconomic parameters, value chain analysis,channel partners,demand and supply,the cost of Si3N4 Powder will also be affected to a certain extent.It is estimated that the cost of Si3N4 Powder will increase slightly from today to next week.
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