Chinese steelmakers raise prices on higher raw material costs, optimistic outlook

Several major Chinese steelmakers raised prices for their products by 50-350 yuan ($7-48) per tonne for October domestic bookings on higher input costs and expectations of demand recovery following a myriad of stimulus measures from the country’s central government.

Baoshan Iron & Steel (Baosteel) said on Monday September 11 that it would raise its base prices for hot-rolled coil by 50 yuan per tonne for domestic sales in October...


Zihuan Pan

September 13, 2023

04:10 GMT