Raw material and steel prices may still have room to rise

2026-04-06 04:21:51

According to the China Federation of Logistics & Purchasing’s Steel Logistics Professional Committee, in April, steady growth in steel mills’ production is expected to drive sustained demand for major raw materials such as iron ore, coke, and scrap steel. In addition, international geopolitical conflicts will disrupt global bulk commodity markets, and raw material prices may continue to trend upward. Meanwhile, as demand in the steel market continues to be released and the market trading atmosphere becomes more active, together with cost-side increases, steel prices are also expected to maintain an upward trend.

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