The price of grinding balls has risen due to the increase in steel prices
The price of grinding balls has risen due to the increase in steel prices
If you're in the metals industry or another industry that deals with steel in any capacity, you're probably aware that steel prices are on the rise, including the grinding steel ball.
However, this isn't just a small price increase. Steel costs are at an all-time high, which is impacting everyone who is buying or selling steel products, including steel grinding balls.
So, do you know what is causing this increase?
During the early months of the 2020 shutdowns, many steel mills shut off production in fear that we were headed into a deep recession—maybe even a depression. But that drop-off in demand didn't last long for iron ore.
Do you know about some of the actions you can take to protect your grinding ball business?
For 20+ years, Jinan Zhongwei Casting And Forging Grinding Ball Co.,Ltd has been providing forged grinding ball, cast iron ball, grinding Cylpebs and rinding rod for mines all over the world such as South America, Latin America and Africa. We've experienced price fluctuations and material shortages in the past, and we know how critical it is for you to understand why steel prices are rising and how this affects you.
Working with us will minimize your risk of price increases.