Posted on 11 Jun 2026
Baoshan Iron & Steel Co (Baosteel), the listed arm of the world’s top steelmaker China Baowu Steel Group, is holding the list prices for most of its major flat-rolled products including hot-rolled coil (HRC) steady for domestic sales in July, according to the company’s latest pricing announcement issued on June 10. The exception is for grain-oriented electrical steel where the company raised prices by a further Yuan 300/tonne ($44.3/t).
Baosteel's recent price adjustments
Product Price adjustment | Mar | April | May | June | July |
Hot-rolled coils | 100 | 200 | 100 | 100 | - |
Carbon steel plates | 100 | 200 | 100 | 100 | - |
Pickled and oiled coils | 100 | 200 | 100 | 100 | - |
Cold-rolled coils | 100 | 200 | - | 100 | - |
Hot-dipped galvanized steel | 100 | 200 | - | 100 | - |
Electro-galvanized steel | 100 | 200 | - | 100 | - |
Color-coated coils | 100 | 200 | 100 | 100 | - |
Non-grain oriented electrical steel | 100 | 200 | 100 | 100 | - |
Grain oriented electrical steel | 100 | - | - | 200/300 | 300 |
Source: Baosteel
While domestic demand remains relatively tepid, major regional markets in Southeast Asia are also navigating the summer slow season marked by rainy weather and high temperatures, an industry watcher noted. The downward pressure, offset by rising production costs amid surging coking coal prices, has caused Baosteel to keep its major flat steel prices unchanged, he added.
Currently, the order backlog the Chinese mills hold will enable to keep their furnaces and rolling mills fully engaged for now. However, end-user firms such as manufacturers are generally still struggling with mediocre orders and this is causing them to avoid building large inventories of crucial items such as hot coils, Mysteel's latest survey findings show. Most are adopting a low inventory strategy, buying only enough products for their immediate production.
This, together with the relative stability of HRC output, has begun straining the supply-demand balance, the analyst noted.
During May 28-June 3, HRC production among the 37 Chinese steelmakers under Mysteel's survey totalled 2.95 million tonnes, down by a minimal 0.09% on week and 1.8% on month, Mysteel's tracking found.
On June 5, Mysteel had assessed the national spot price of Q235 4.75mm HRC at Yuan 3,412/t including the 13% VAT, down by Yuan 13/t on week.
Meanwhile, on June 1, Shagang Group, China's leading privately owned steelmaker headquartered in East China's Zhangjiagang, announced that for June sales, it was raising its list prices for Q235 5.5×1500mm HRC and SPHC 4×1250mm HRC by Yuan 100/t to Yuan 3,700/t and Yuan 3,710/t, respectively.
Source:Mysteel Global
