Baoshan Iron & Steel (Baoshan Steel), the listed-arm of China Baowu Steel Group, has announced a hike in its domestic sales list prices for carbon steel hot-rolled coil (HRC) for Oct ’20 deliveries.
- HRC price raised by RMB 50/t ($7)
- CRC prices raised by RMB 200-250/t ($29-36)
- Heavy plate prices increased by RMB 50/t ($7)
- Hot Dipped Galvanized steel prices up by RMB 200-250/t ($29-36)
The prices of the Baoshan works in East China’s Shanghai, the Meishan mill in East China’s Jiangsu, its Qingshan plant in central China’s Hubei, and the Dongshan works in South China’s Guangdong province. Heavy plate prices were increased for the Baoshan, and the Dongshan works in South China’s Guangdong province.
The above prices will be effective from the date of its publication and the final explanation right to this price adjustment notice belongs to the marketing department of Baoshan Iron and Steel Co. Ltd.
In the previous month, the manufacturer had announced a price hike of RMB 200/t for HRC, and heavy plate for Sep ’20 deliveries. For HDG and CRC, the hike was around RMB 260/t.
Robust domestic demand, an uptrend in global prices, and increased production cost pushed steel producer to raise prices.
Leave a Reply