Baosteel adjusts prices for March ahead of schedule

In connection with the upcoming Chinese New Year in February, Baosteel announced new domestic prices for March. Among them, the price of plate, bar, hot-rolled and cold-rolled steel remained unchanged after the increase this year, the price of hot-dip galvanized steel will increase by 200 yuan per ton, and the price of galvanized steel and electrical steel will be increased by 300 yuan per ton.

China Steel Corporation (CSC), the largest carbon steel producer in Taiwan, said Baosteel’s price adjustment was in line with market valuation.

Market participants expected the new March CSC price to also follow the Baosteel price hike.

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