Scrap steel price: Scrap steel is one of the important raw materials for stainless steel production. When the production capacity of the steel industry is adjusted and the supply and demand relationship of scrap steel in the market changes, the price of scrap steel will fluctuate accordingly. For example, during the peak season of the construction industry, the demand for scrap steel increases significantly and prices rise. If stainless steel wire production enterprises use scrap steel as part of the raw material, costs increase and product prices will also be driven.
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