The carbon steel price index of China rose sharply in 2020

In 2020, China's carbon steel price index rose sharply. At the end of December 2020, the relative price index of carbon steel was 167.3 points, with a month on month increase of 15.2 points, or 10.0%; compared with the same period in 2019, it was 26.88 points, or 23.0% higher.

From the annual situation, the average value of carbon steel relative price index in 2020 is 222.0 points, a year-on-year decrease of 12.8 points, a decrease of 5.4%. Among them, January to April showed a downward trend. From May to December, driven by the sharp rise in the prices of iron ore and other raw and raw materials, the price of carbon steel continued to rise, and the month on month increase increased, especially from November to December. Since 2021, affected by the epidemic situation, weakening demand intensity and stock accumulation before the festival, the price of carbon steel has dropped slightly.