According to My Steel, the ferrous market gained a lot since late Feb, and both futures market and forward market increased largely. In spot market, Tang shan billet price soared in this weekend, gain by Yuan 230 to Yuan 2030, nearly 13% of increase.
It is said the main reason of this increase is the unveiled environmental assurance draft which has strict limitation of the steel production, resulting in inadequate supply in the short term. While in the long term, the steel price remains to be seen, as the domestic demand has been improved and the exporting is expected to decrease.
YT components, as the experienced supplier for rolled ring forging, CNC machining, and heat treatment, has a sound system for raw material management. We are running color management to prevent the steel mix. Incoming inspection like component check is implemented to ensure the steel quality.
