The Factor Infect the Price of Stainless Steel Angle Bar

Stainless steel angle bar is a long steel bar with angles on both sides. There are equilateral stainless steel angle and unequal stainless steel angle. The two sides of an equilateral stainless steel angle are equal in width. Its specifications are expressed in mm of side width × side width × side thickness. Example "∠25 × 25 × 3", which means an equilateral stainless steel angle with a side width of 25 mm and a side thickness of 3 mm. Mainly used for metal components and the frame of factory buildings. It requires good weldability, plastic deformation performance and certain mechanical strength in use. What factors influence its price? 

1. Market Demand

Driven by economic developing, the world's stainless steel production capacity has increased significantly. The production center of stainless steel has been transferred from developed countries in Europe and America to Asia, especially in China. With increasing in stainless steel production in Asia, the current stainless steel market has begun to show signs of relative oversupply, which putting pressure on stainless steel prices.

2. Cost of Raw Materials 

There is a strong correlation between the prices of stainless steel products and the prices of raw materials (mainly nickel and chromium), and product prices fluctuate due to changes in raw material prices. Nickel is mainly used for the production of stainless steel, and the consumption is mainly driven by the production of stainless steel. In recent years, the substantial increase in the production of stainless steel has driven the consumption of nickel. At the same time, the water, electricity, gas and other electricity consumed in the production process and the delivery of stainless steel products also form part of the price.

3. Development Technology 

The impact of technological progress on prices mainly on three aspects: First, the production process and the production cost. Second, the impact of technological progress on alternative breeding, and then screening product demand. Third, the impact of technological progress on other materials has further increased the demand for stainless steel. 

4. Market Price Trends 

Domestic price trends are consistent with foreign price trends, so foreign price trends and domestic price trends affect each other.

In summary, when each manufacturer deals with stainless steel, its product price will be affected due to different materials and production processes.