With the market prices on the rise, our company has decided to increase steel inventory to meet customer demands. This decision is driven by the surge in iron ore prices, rising inventory costs, and expanding market demand.

The increase in iron ore prices is one of the main factors behind the expansion of our inventory. Since last year, iron ore prices have been continuously rising due to global economic recovery and government infrastructure investment plans, leading to increased demand for steel. As iron ore is a major raw material for steel production, its price hike directly impacts the increase in steel prices.

As inventory costs rise, we must consider increasing our inventory to maintain supply stability. The rise in inventory costs is due to the need for higher procurement expenses and storage and maintenance costs. However, we believe this is a temporary situation, and we are confident that as the market continues to rise, inventory costs will gradually decrease.

Expanding market demand is also one of the reasons for our decision to increase inventory. Market demand directly affects our sales revenue and profit, and we must ensure sufficient inventory to meet customer needs. With the global economic recovery and accelerated domestic infrastructure construction, the expansion of market demand is an irreversible trend. We believe that as market demand continues to grow, our sales revenue and profit will also increase steadily.

Although increasing inventory may have some impact on our cash flow and profit, we believe it is a long-term investment that will bring more returns to our company. We will continue to monitor market changes, optimize inventory management, and procurement strategies to ensure timely fulfillment of customer needs.

Lastly, we want to assure our customers and partners that we will remain committed to providing you with high-quality products and services to meet your needs. We believe that with the ongoing rise in market prices, our company will achieve greater success and accomplishments.

Transport packaging method

For different products, we tailor various packaging options to match different transportation environments, ensuring that each delivery arrives promptly and safely.

Expanded sheet metal processing capabilities

We can offer you more customized processing for your production, such as slitting, leveling, and more. If needed, we can also provide technical support and process services for heat treatment.