Industry News

Baosteel expected to increase prices for Dec

Views : 229
Update time : 2020-11-10 16:45:30
Baosteel, a major steel mill in China, will announce its new price for December soon.

According to understanding, global steel prices have risen sharply. Stimulated by the high prices of international raw material, Baosteel was expected by market participants to increase its prices of hot-rolled coils (HRC) for December.

Baosteel lowered its HRC price by RMB 100/ton for November and increased its other products by RMB 100-150/ton generally. Baosteel has increased its HRC price by 5 consecutive months, with a total increase of about RMB 680/ton.

Baosteel ended the continuous price hike during November because the demand was not good as expected after September long national holidays. However, China's steel prices have rebounded sharply and international steel prices have risen sharply in October. Therefore, it was expected that Baosteel's price will be higher in December.
Related News
Read More >>
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Apr .25.2025
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Nickel Price Update: Q1 2025 in Review Nickel Price Update: Q1 2025 in Review
Apr .25.2025
Nickel Price Update: Q1 2025 in Review
Higher steel prices benefiting Region steel mills Higher steel prices benefiting Region steel mills
Apr .25.2025
Higher steel prices benefiting Region steel mills
Vale's net profit drops 17% on lower iron ore prices Vale's net profit drops 17% on lower iron ore prices
Apr .25.2025
Vale's net profit drops 17% on lower iron ore prices