Steel Article

Domestic freight increases dramatically & Steel marketing is going turbulent
23 September 2016 01:52

Few deals are clinched today in domestic steel market because of the largely increased freight caused by the implement of new Road Traffic Safety Law’s. Although truck drivers are paid more, they are still not willing to continue the transport because of the traffic restriction and mobile inspection. Many stockers are

taking “wait and see” attitude to have a further observation on the first implement day of new Road Traffic Safety Law. Since steel products are heavier, one more rebar or steel sheet will exceed the weight limitation and lose matching. Therefore many trucks only load 20 tons around although the weight limitation is 31 ton. This leads to a large increasement of steel transport price, and subsequently stimulates the rising mood of steel prices, which is growing more and more obvious.

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