Contributing Factors to the Price Fluctuations of Steel per Kilogram

Price of Steel Per Kg is also influenced by currency exchange rate fluctuations. Changes in exchange rates relative to the currency of steel-producing nations can affect the seriousness of steel exports and imports, impacting steel prices in global markets. Trade policies, including tariffs, quotas, and trade agreements, can impact steel prices by affecting import and export volumes and prices. Trade debates between nations, such as those involving anti-dumping obligations or retaliatory tariffs, can upset global steel trade and influence market dynamics.