Baosteel cuts steel products prices in China

China , Steel May 10, 2013 No Comments

BaosteelBaosteel, the nation’s largest listed steelmaker has cut the prices of its main steel products by about three percent for the first time in the nine months, Shanghai Securities News reported.

According to the factory policy for June bookings issued by Baosteel on Thursday, hot rolled steel plate is down 180 yuan ($29) per ton, while the price of cold rolled steel plate is down 150 yuan per ton, and the prices of most mid-thick products have been decreased by 200 yuan per ton. The price of mid-thick boat deck, however, stays the same.

Steel prices across the country have kept dropping after Spring Festival with the average price of hot rolled steel plate leading the fall with a drop of 600 yuan per ton. The average prices of mid-thick plate and cold rolled steel plate were was 300 to 400 yuan cheaper per ton.

via Baosteel cuts steel products prices |Companies |chinadaily.com.cn

Rod Sherkin

Rod is a former senior executive, responsible for Purchasing, for both Pillsbury and Ball Packaging back in the 80’s and 90’s. Since then, he has continued to work in the Purchasing field as both a consultant and founder of the website Propurchaser.com.

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