How is the market price of tool steel now?

                 How is the market price of tool steel now？

    Due to the recent rise in the prices of raw materials such as scrap steel and alloy in China, and the rise
in the price of steel types containing Mo composition, steel prices have entered a period of adjustment.
Steel is an important commodity related to the national economy and people's livelihood, and its price

fluctuations are affected by many factors. The following is Main factors affecting steel price changes:

Raw material cost

   Raw material prices have the most direct and effective impact on the steel market. Raw materials mainly
include iron ore, coke, coal, etc. The rise or fall of raw material prices will directly affect the final ex-factory
price of steel from the production cost.

Labor costs

   Labor costs are an important cost in the steel industry. Although there is a big gap between my country's
physical labor productivity and developed countries, the gap in unit working hour cost (mainly per capita 

income level) is even greater. Therefore, the labor cost in my country's iron and steel shipments per ton is
about one-third of that of developed countries and one-half of the foreign average. On the whole, the labor
cost gap among my country's iron and steel enterprises is not obvious.

Energy costs

    Coke is a necessary reducing agent, fuel and column skeleton for steel production. At the same time,
iron and steel production also consumes a large amount of public media such as coking coal, water,
electricity, wind, gas, and oil. The price and quantity of these public media purchased by different iron
and steel enterprises are different, and their technical and economic indicators are different. Therefore,
the cost of energy and public media of each iron and steel enterprise varies greatly.

   From a global perspective. The demand for steel continues to grow with the development of the world
economy. From a country's point of view, the development of the steel industry is also positively correlated
with the development of the national economy. It can be said that the development of the steel industry
is obviously affected by the economic cycle. When The national economy is in a period of rapid growth,
the market demand for steel products is strong, and the price is rising.