Iron ore prices rose by more than 40% and the car was temporarily unable to rise

In the wave of international commodity prices, iron ore is not far behind. The rising prices of iron ore in the first half of this year have basically tied the prices before the 2008 financial crisis. The average landed price is 160.89 US dollars per ton, an increase of up to 42.41%.

According to statistics, in the first half of this year, the price increase of the Chinese steel market was 14.87%.

The rise in steel prices will inevitably bring cost pressures on downstream industries.

In response, Li Zhanhong, vice president of Jinke Group, said: "The cost of building materials occupies a large proportion in the cost of real estate companies, and steel accounts for about 50% of the construction costs." For the rise in steel prices, Li Zhanhong He pointed out: "At present, the rise in the price of this wave of steel has not yet been reflected." According to Li Zhanhong, the lag of steel is about six months. "It can be seen by the end of this year or next year."

“In addition to the cost of building materials, the cost of real estate costs includes land prices, taxes, operating costs, and scientific and technological content.” Li Zhanhong analyzed that these five factors are currently rising without exception. “It is not difficult to see from these factors. In the future, the pressure on housing prices will increase."

It is understood that the production of a car needs to use 600~800kg of steel. However, the current car prices do not seem to be affected by the rise in raw material prices. "At present, our automotive products have not risen in price." Gong Bing, vice president of Chongqing Changan Automobile Co., Ltd., said that the increase in raw material prices did not have much impact on the price of automobiles. Due to the current fierce competition in the auto market, Gong Bing believes that the possibility of an increase in car prices is not likely.

The application of gears is widely used in life, and it is used in automobiles and machinery. The reporter interviewed the gear manufacturer Akita Gear. “At present, our products have not yet risen in price, some products have increased their prices, but the biggest increase is only 5%, and it is mainly due to labor costs.” Related person in charge of the Akita Gear Marketing Department said that this year, they purchased the price of raw materials. No major change has taken place.