How Price Rise of Steel Tube Affects the Hydraulic Cylinder
Current price trends of steel tubes
Report said that the price of domestic seamless steel tubes keeps increasing, the average price of the seamless steel tube 108*4.5 mm on March 30 is RMB 5888, RMB 33 higher than the last business day.
We can see from the below chart that the price of steel has been increasing since last September.
Dark green: Welded tube Green: Seamless tube Blue: Hot-rolled steel band Purple: Hot-rolled billet
Source: LGMI steel: Price trend of welded tube, seamless tube, hot-rolled steel band and hot-rolled billet
How this price rise affects the hydraulic cylinder industry?
The price of the hydraulic cylinder is increased. Steel is the main raw materials of hydraulic cylinders, and it accounts for 40-60% of the price of the hydraulic cylinders.
Delayed production. Beside this price rise, actually recently we are experiencing great shortage of raw materials in the industry, consequently many of the production of hydraulic cylinders has been delayed.
WEITAI Hydraulic has been endeavoring to provide the excellent hydraulic products and services to our clients. WEITAI has stable raw material supply and stable production. WEITAI keeps the same price level for our standard cylinder series. For WEITAI cylinders, visit www.wthydraulic, www.weitaicylinder or contact [email protected]