Baosteel cut the ex factory price of steel in May

Baosteel cut the ex factory price of steel in May

Guide: Baosteel cut the ex factory price of steel in May due to the decline in steel orders represented by automobile plates. Among them, cold rolling is reduced by 300 yuan/ton. This is the first time that Baosteel has lowered the ex factory price of steel since September last year, and the weakening demand has become the main reason. According to the price adjustment document released by Baosteel yesterday, Bao

due to the decline in steel orders represented by automobile plates, Baosteel cut the ex factory price of plates in May. Among them, cold rolling is reduced by 300 yuan/ton. This is the first time that Baosteel has lowered the ex factory price of steel since September last year, and the weakening demand has become the main reason

according to the price adjustment document released by Baosteel yesterday, Baosteel reduced the price of cold-rolled sheet by 300 yuan/ton, hot-rolled sheet by 200 yuan/ton, pickling, hot-dip galvanizing, electro galvanizing, color coating and other products by all yuan/ton. Only the price of oriented silicon steel continued to rise, with a range of 1500 yuan/ton. In addition, Baosteel also made up for the sales orders in April, with cold rolling compensation of 300 yuan/ton and hot rolling compensation of 200 yuan/ton

adaptability to metals and seals this is the first time that Baosteel has lowered prices since September last year. As for the reasons for the price reduction, Baosteel insiders confirmed to Baosteel that "it is mainly affected by the end of the national preferential policies for small displacement vehicles". In May, the demand for steel fell and the order for auto panels fell

United Steel Analysis believes that Baosteel's price reduction is to make up for the losses of end-users' orders in the early stage, and to increase the enthusiasm of ordering HRB and HRC hardness vibration terminals and increase resources. For the later trend, there are differences in market views. Some people believe that with the further increase of steel mill output in the later stage and the weakening of downstream demand, the short-term rebound in steel prices may have ended, and large plate enterprises have entered the price reduction cycle. However, there are also optimistic views that there is little room for cost support steel prices to decline. And under high production, most of the finished products are used for actual consumption. If the pessimistic expectations subside, the superposition of real consumption in peak seasons and restocking may lead to a phased shortage of industrial capacity and a rebound in industrial profits

it is worth noting that in the case of the general decline in the prices of other mainstream products, the ex factory price of Baosteel oriented silicon steel increased by 1000 yuan/ton in April, and then increased by 1500 yuan/ton again in May. Qiu Yuecheng said that the reduced manganese dioxide deposited on the surface of graphene was directly related to the limited production of Japanese steel enterprises and the reduction of exports of high-end products after the Japanese earthquake. China's oriented silicon steel has always relied on imports to meet the demand. Only Baosteel and WISCO produce oriented silicon steel in China. The reduction in the output of oriented silicon steel in Japan provides a good opportunity for Baosteel and WISCO to expand production and raise prices