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    Baosteel maintains plate steel prices stable for Feb bookings

    sxcoal.com General,  Company,  Price,  Steel Products 2024-01-11 14:27:03

    Baoshan Iron and Steel Co., Ltd, also known as Baosteel, a subsidiary of state-run China Baowu Steel Group, maintained its domestic base prices steady for main steel products for February bookings in 2024.

     

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

     

    Baosteel's pricing decisions are generally regarded as a bellwether for the industry. The firm had further raised the prices for January bookings following a price increase for December. The move keeping the price levels for February reflects the company became more cautious about the sales outlook in the near term.

     

    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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