Optimistic outlook for demand leads Chinese steelmakers to raise prices

A few major Chinese steelmakers have increased the prices for some of their steel products by 100-200 yuan ($14-28) per tonne for domestic bookings made in September in anticipation of demand picking up during the high season and amid the introduction of a raft of stimulus measures.

Baoshan Iron & Steel (Baosteel) said on Thursday August 10 that it would raise its base prices for hot-rolled coil by 100 yuan per tonne for domestic sales in September...


Zihuan Pan

August 11, 2023

07:43 GMT