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As of mid-May, the average price per ton of eight types of steel in the national steel market exceeded 6,600 yuan, nearly 400 yuan higher than the peak of 6,200 yuan in 2008, a rise of 2,800 yuan per ton compared with the same period last year, or a 75 percent year-on-year increase, CCTV Finance reported.
According to the data of the World Iron and Steel Association, in mid-May, the price of hot-rolled coil from steel mills in the Midwest of the United States was 1,644 US dollars per ton, equivalent to 10,570 yuan per ton, 4,800 yuan higher than the Chinese market, while the price of hot-rolled coil from Germany in the EU was 1,226 US dollars per ton, 2,116 yuan higher than the Chinese market. According to the data provided by China Iron and Steel Association, China’s economy continues to stabilize recovery, steel demand increased significantly, so far, China’s steel price index than at the beginning of the year rose 23.95%, and the same period, the international steel price index rose by 57.8%, the international market steel price rise significantly higher than the domestic.