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    Baosteel raises plate steel prices for Mar bookings

    sxcoal.com Company,  Price,  Steel Products 2024-02-02 11:22:06

    Baoshan Iron and Steel Co., Ltd, also known as Baosteel, a subsidiary of state-run China Baowu Steel Group, increased its domestic base prices for main steel products by 50-100 yuan/t for March bookings.

     

    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 raised the prices for January bookings and maintained the prices unchanged for February. The move to increase prices for March reflects the company's optimism 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 Harry Huo)
    For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.

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