At the begining of May , the whole chinese steel market is shaking strongly . According to the China Iron and Steel Association reports , The main reason why iron ore prices remain high is that the supply side is highly concentrated and dominated by sellers . In the future , the steel price will stay high , and small probability to go down .
Back to our elevator manufacturer , it is a big challenge for us . We will sacrifice our profits to keep the signed contracts going , and besides that , RMB rate is also keep rising . For both passenger elevator , home elevator , freight elevator , escalator or moving walk , our priec level will slightly adjust in the coming days , and we will hgihly appreciate your understanding .