As production picks up after the Spring Festival holidays, Chinese factories are confronting soaring steel prices, with some ke items such as rebar jumping 6.62 percent from the last trading day before the Spring Festival to the fourth working day after the holiday, according to an industry research group.
Experts said that China's ongoing work resumption could drive steel prices above record highs this year, the beginning of the country's 14th Five-Year Plan(2021-25) ------GLOBAL TIMES
All the material increased much price after the Spring Festival, steel, iron, even the box. Therefore, there will be change on turbo prices. Recently we are making adjustment on prices and trying our best to make prices more reasonable.