9,612.84 TRY BIST 100 BIST 100
5.24 CNY CNY CNY
40.78 EUR EUR EUR
37.83 USD USD USD
0.13 CNY CNY/EUR CNY/EUR
45.53 TRY Interest Interest
73.74 USD Fossil Oil Fossil Oil
34.28 USD Silver Silver
5.09 USD Copper Copper
103.77 USD Iron Ore Iron Ore
356.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,761.14 TRY Gold (gr) Gold (gr)

Steel prices started to rise in China, Baosteel decided to raise prices

Baoshan Iron & Steel Co (Baosteel), a subsidiary of China's largest steel producer China Baowu Steel Group, announced that it will increase its carbon steel hot rolled coil (HRC) prices by 100 Yuan/ton ($13.7/ton).

Steel prices started to rise in China, Baosteel decided to raise prices

Baoshan Iron & Steel Co (Baosteel), a subsidiary of China's largest steel producer China Baowu Steel Group, announced that it will increase its carbon steel hot rolled coil (HRC) prices by 100 Yuan/ton ($13.7/ton). It is stated that this decision reflects increasing demand and the need to replenish stocks. In addition, steel production is expected to decrease due to maintenance outages next month, which may provide some support to steel prices by affecting the supply and demand balance.

China's Q235 4.75 mm hot rolled coil price was recorded as 3974 Yuan/ton as of November 10, the highest level in the last 1.5 months. This figure represents a large monthly increase of 120 Yuan/ton.

Baosteel will also increase the prices of pickled and oiled coils and cold rolled coils by up to 100 Yuan/ton for December sales. In addition, the list prices for carbon steel plate and color coated coils will be increased by 50 Yuan/t, while the list prices of non-granular electrical steel will be increased by 50 Yuan/t for certain specifications.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Trump’s Tariffs Took a Toll on American Manufacturers’ Finances

Friday, March 28, 2025

ArcelorMittal Industeel and EDF Renewables announced the construction of a solar plant in France

Friday, March 28, 2025

IFC's EUR 250 million financing support to Aperam for decarbonization in steel production

Wednesday, March 26, 2025

Kuwait Gains Access to Global Debt Markets After Law Amendment

Friday, March 28, 2025

China's international trade volume increased by 14% in February

Friday, March 28, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now