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Baosteel expected to keep or drop steel prices for Sep

Sep 06,2019  Steel Knowledge.


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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