Baosteel keeps local HRC prices stable for July

Friday, 11 June 2021 14:36:05 (GMT+3)   |   Shanghai
       

Major Chinese steelmaker Baosteel has issued its prices for carbon steel flat products for delivery in July this year.

The producer has decided to keep its local base prices for hot rolled coil (HRC), steel plate, section steel, hot rolled pickled products, cold rolled coil (CRC), hot dip galvanized (HDG) and electro-galvanized products stable for July.

On the one hand, the rainy weather in China has been putting pressure on domestic demand. But on the other hand, higher futures and raw material prices have been preventing declines in finished steel prices, for flats in particular.

In early June (June 1-11) local HRC prices from warehouses have been fluctuating in the narrow range of RMB 5,490-5,560/mt ($860-871/mt), according to SteelOrbis’ data.

$1 = RMB 6.3856


Similar articles

Baosteel cuts local HRC prices by $15/mt for September

10 Aug | Flats and Slab

Japan’s steel exports up 0.1 percent in January-June

29 Jul | Steel News

Flat steel prices in local Taiwanese market - week 30

28 Jul | Flats and Slab

Japanese crude steel output down 7.6 percent in June from May

21 Jul | Steel News

Baosteel cuts local HRC prices by $30/mt for August

12 Jul | Flats and Slab

Flat steel prices in local Taiwanese market - week 27

07 Jul | Flats and Slab

Japan’s steel exports up 0.1 percent in January-May

30 Jun | Steel News

Flats prices fall again in Romania amid low demand, bearish mood

30 Jun | Flats and Slab

Flat steel prices in local Taiwanese market - week 26

30 Jun | Flats and Slab

Flat steel prices in local Taiwanese market - week 25

23 Jun | Flats and Slab