Steel Raw material price increase in 2021 China fasteners factory

Steel Raw material price increase in 2021 China fasteners factory  

China’s factories decry raw material prices are increasing , it will be more worse than ever 2020 year, caused by Pandemic for shortage of raw materials.And there is not only on material market,but also we are facing the challenge of Shipping costs and freight rates are soaring. Soaring freight rates, cargo container shortages, and port congestion have driven up shipping costs. Lead times have extended so far out, they are unknown.That is all the Supply Chain Chaos.

Our customers wherever from Europe ,Australia,North America,or Africa,are all facing the same situations.The steel material such SWRCH1018A 22A 1008A 10B21,35K,45K type steel,price from USD880/ton to USD1428/ton.The price will go where which are unknown.

Someone has to pay this cost,Manufacturer,suppliers or customers,even the end users.Now Kinsom just takes some cost for our customers at beginning,but we have no choice but have to increase our price to the customers before few days ago.

Lets look back on the situations happed in 2021 year.

Freight Rate Increases

Shipping Cost

Container Shortages

Port congestion

COVID Cases Reducing Workers

Blockage in the Suez Canal

These are affecting the production of many different items in the fasteners industry.From finished fasteners such like bolt and nut,screws,rivets,nuts or metal parts.

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