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Why steel price keeping rising in Oct. To Nov.?

October 2016 raw materials of coke and iron ore prices continue to rise, this drive the steel price in high level, and keeping climbing. And now enter to winter, the northern China heating gradually began to increase demand for coal, the recent shortage of coke coke inventory resources, prices rise faster, the demand side will further increase the price of coke . Coke prices rose sharply by the impact of steel prices in the high-grade iron ore used to achieve the purpose of reducing the coke ratio, which will result in a very high-grade iron ore is extremely short, driving its prices, iron ore Port inventory appears structural imbalance phenomenon. Therefore, the short-term cost pressure is still large, steel enterprises to reduce losses, or will continue to raise the ex-factory price.

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