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    Baosteel further raises plate steel prices for Jan bookings

    sxcoal.com Company,  Price,  Steel Products 2023-12-13 08:35:43

    Baoshan Iron and Steel Co., Ltd, also known as Baosteel, a subsidiary of state-run China Baowu Steel Group, continued to increase its domestic base prices for main steel products by 100-200 yuan/t for January bookings in 2024.

     

    These steel products include hot-rolled coil and sheet, heavy plate, cold-rolled coil and sheet, pickled steel, and hot-dip galvanized coil.

     

    Baosteel's pricing decisions are generally regarded as a bellwether for the industry. The firm had maintained the prices steady for November bookings and raised the prices for December. Another price hike in January indicates the company is optimistic about the sales outlook.

     

    Baosteel's heavy plates are mainly used in shipbuilding, offshore platform, boiler, pressure vessel, pipeline, high building, bridge and heavy-duty trucks, etc. and hot-rolled steel products are widely used in ship, automobile, bridge, building, machinery and pressure vessel and other industrial applications.

     

    (Writing by Riley Liang  Editing by Emma Yang)
    For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.

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