JiNan Sino Steel Co., Ltd.

Industry News

Baosteel expected to keep or drop steel prices for Sep

Sep 06,2019  Industry News.


China's Shagang Group announced to decrease its steel price by RMB 320/ton for September. 


After the adjustment, Shagang's Q235 was about RMB 3,780/ton and SPHC was about RMB 3,810/ton. Currently, the prices of iron ore and coking coal were both declined. 

In addition, India and Russia offered a low price for hot-rolled coils to get orders from the Vietnamese market. 

Baosteel, the leading steelmaker in China, planned to announce its hot-rolled, cold-rolled, pickled and galvanized coil prices, grain-oriented electrical steel plate for September soon next week. 

Based on the above factors, the market expected Baosteel might keep the prices flat or slightly decrease the prices for September.

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