Affected by the fluctuation of international commodity prices, China’s domestic steel market price is volatile this year.
In May, it even reached RMB6550/ton.
But it finally came down recently.
Today’s price is RMB5300.
If you had got a quotation in October, you could now ask the suppliers to lower the price accordingly.
Please see below the records from 20th Oct to today:
|Dates||45# Steel price RMB/T||ML08AL Steel price RMB/T||20# Steel price RMB/T|
Grade 20# is for Hose ferrules (hot-forged type).
Grade 45# is for Hose couplings.
Grade ML08AL is for Hose couplings & ferrules (cold punched type)