First of all, the rise in the steel industry will have an impact on your industry. The first is the manufacturing industry, because China has the title of the world’s factory, and the manufacturing industry has a huge demand for steel. For example, a car requires nearly two tons of steel. Therefore, the rise in steel prices is bound to bring a lot of impact to the automobile industry. After all, every car…
Then there is the shipbuilding industry. Due to the vigorous development of the navy in my country in recent years, the demand for steel for warships is very large. The steel required every year is about several hundred thousand tons.