en.Wedoany.com Reported - Baoshan Iron & Steel Co., Ltd. (referred to as "Baosteel Co., Ltd.", 600019.SH), a subsidiary of China's Baowu Steel Group, recently announced an increase in its domestic futures sales prices for August 2026. Prices for major products including hot-rolled coil (HRC), thick plates, pickled sheets, cold-rolled sheets, hot-dip galvanized sheets, electro-galvanized sheets, color-coated sheets, non-oriented silicon steel, oriented silicon steel, seamless pipes, welded pipes, wire rods, and bars have all been raised by 50 yuan/ton (approximately $7.4/ton).
Baosteel Co., Ltd. is the core listed entity of China Baowu Steel Group, headquartered in Shanghai, and is a globally leading modern integrated steel enterprise. The company has an annual crude steel production capacity exceeding 50 million tons, with products covering automotive steel, home appliance steel, energy steel, shipbuilding steel, and high-grade electrical steel. It is a key supplier of high-end steel products such as automotive sheets and silicon steel in both China and the global market.
This price adjustment marks the first increase by Baosteel after two consecutive months of stable prices (no adjustment in July). The ex-factory base price for hot-rolled coil SS400 3.0×1250mm in July, excluding tax, was 4,775 yuan/ton; after the adjustment, the August base price rises to 4,825 yuan/ton. According to industry analysis, this price hike partially reflects Baosteel's expectations of improved downstream demand. A ferrous metals analyst in Shanghai noted that the price increase also considers rising raw material costs, particularly metallurgical coke prices, which rose by 184 yuan/ton (approximately $27/ton) month-on-month to 1,736 yuan/ton (Tangshan ex-factory price).
Previously, Baosteel had raised prices by 100 yuan/ton in June. The relatively moderate increase for August suggests, according to analysts, that Baosteel holds a cautiously optimistic view of the market recovery outlook. Baosteel's pricing policy is regarded as a bellwether for China's steel market, and its pricing decisions typically influence domestic steel spot and futures prices. As a key steel product, hot-rolled coil is widely used in automobiles, machinery manufacturing, building structures, and pipelines, and its price trend is considered an important reference indicator for the health of the manufacturing and construction industries.
