What? Steel Mills Started Maintenance?

Will Steel materials increase prices?

Some hot-rolled steel, cold-rolled, steel, and galvanized steel mills have started a 4-month maintenance program and announced price increases!  Promisteel responded to the news as soon as we received it, to prevent the delay of the shipment from affecting the progress of the customer's project. Therefore, we expedited the pre-painted galvanized steel products for the Nigerian customer, and they were shipped out smoothly today.

Why were steel mills overhauled?

• Equipment maintenance and upgrading: overhaul is to improve the performance of equipment so that the quality of steel is more stable.
• Adjustment of inventory: reduce production to balance market demand, to avoid inventory pressure.
• Environmental protection pressure: respond to the policy requirements, optimize the production process, and meet the emission standards.

What is the impact on the steel market?

• Tight supply: During the maintenance period, there will be less steel on the market.
• Higher prices: supply exceeds demand, coupled with rising raw material costs, steel prices are bound to rise.
• Project risk: untimely steel procurement may face increased costs or delays.

The market is changing rapidly and you need to work with a reliable and stable supplier.

Promisteel, with 20 years of experience in the steel market, is prepared to respond to such situations well in advance to ensure that they do not affect our customers. This is our commitment to our customers.

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