The price of round steel is affected by several factors. The cost of raw materials, mainly iron ore, coal, and scrap steel, has a significant impact. Fluctuations in the prices of these raw materials directly affect the production cost of round steel. Production costs, including energy consumption, labor, and equipment maintenance, also play a role. Market demand and supply conditions are crucial. When the demand for round steel is high and the supply is limited, the price will increase. Additionally, international economic and political situations, such as trade policies and currency exchange rates, can influence the price of round steel in the global market.