How does the price fluctuation of iron ole affect the price of the steel storage cabinets?

Since the end of 2020, rising iron ole price have been out of the news because of the resource reduction and other factors. Companies around the world are closely watching the price of steel plate. Due to environmental protection, national policy, exchange rate, transportation cost and other reasons, the price of the steel plate has increased to a large extent compared with the previous 2 years, with an increase of at least 30% at present as well as Filing Cabinets.

The price of domestic steel plate jumped after the news that Australia was restricting exports of the iron ole. The relatively high cost of importing iron ole from elsewhere like Brazil, which has contributed to a persistent shortage of steel resources, so the price have remained high. Some dealers hoard goods at this time, leading to a shortage of steel plate in the market, which is also a reason for the high prices.

In this case, all manufacturers to raise the prices of File Cupboard is a difficult decision. It is harder than ever to purchase steel plate, and the price of it continue to fluctuate, reached an all-time high. As the raw material of Home Office Storage Cabinet, all suppliers and we have to increase the price of Metal Cupboards to deal with the current situation. In the past a few months, some customers delayed their orders because of the increased prices of metal cabinet, only to see that the price of it rise and rise. The rising procurement of Steel File Cabinet has become an irreversible situation in the global Storage Filing Cabinets market, both for iron ole and Office Filing Cupboard. As a result, we need to adjust market price to cope with the current situation. After all, the upside in the second half of this year and even next year is hard to predict, making it hard to sustain at current price. Hope we can work together to overcome this difficulty.