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Hardware Confronts with Challenges in Rising Price

2010-04-21

Mr. Lu is a hardware dealer in the 2nd District, Yiwu International Trade Mart, who told Onccc that the price of hardware products are rising greatly in price. The price of steel has been rising from 4000 yuan/ton to over 5000 yuan/ton now, and he had to rise the quoted price 10% higher.

It is known from Yiwu businessmen in Yiwu International Trade Mart that they have been confronting with more challenges because of the price rising of raw materials. As experts pointed out, some of the hardware products will have certain level of price rise recently, and dealers and purchasers should make a plan for their purchase.