The surge in ST37-2 steel price is due to a decrease in its supply. When the supply of a product decreases, and there is still demand for it, the price tends to rise due to the scarcity. In this case, factors such as increased demand, limited production capacity, or disruptions in the supply chain could be contributing to the decrease in supply.
ST37-2 is a low carbon steel grade used for structural purposes in various industries such as construction, automotive, and manufacturing. Its properties make it suitable for specific applications, and it is widely used in these industries. The surge in its price may have a significant impact on the cost of projects that require this type of steel, affecting their profitability and feasibility.
In conclusion, the supply shortage is driving up the ST37-2 steel price, which is likely due to increased demand or other market factors affecting its availability.
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