Baosteel holds HRC list prices steady for May sales
Release Time：
2025-04-08
Source：
On one hand, steady steel demand among end users for their immediate production needs is provides Baosteel with support to maintain its prices, argued a Shanghai-based market analyst. This is despite a slight decline in May orders compared to April sales.
At the same time, Baosteel is reluctant to cut prices because its margins have begun to thin, the analyst added.
On the other hand, Baosteel's inclination to raise prices is tempered by the expected slight decline in HRC consumption in the months ahead as China's manufacturing sector enters its usual summer lull.
However, Shagang Group (Shagang), China's largest privately-owned producer headquartered in Zhangjiagang in East China's Jiangsu province, does at the start of each month.
Earlier on April 1, Shagang decided to cut its HRC prices by Yuan 100/tonne ($14/t) for April sales, with its Q235 HRC reaching Yuan 3,550/t and SPHC HRC at Yuan 3,560/t, as reported.
Previous Page
Related Information
