Baosteel raises price by for August

Posted on 02 July 2009

Source: Yieh, July 2, 2009

China's largest steel maker Basteel announced to raise its ship plate price by RMB150/ton and the price of carbon wide thick plate by RMB200/ton for August.


This is the second time the company has raised its carbon steels prices since June. However, the prices for its billet and seamless tube prices keep unchanged.


On the other hand, Baosteel hasn't adjusted the prices for their mainstream products such as hot rolled steel and cold rolled steel at this timing, but they will be announced later soon.


It is estimated that the prices of CR and HR products might be increased by around RMB200/ton.


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