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Baosteel Co., Ltd. released a notification of the domestic sales price adjustment for carbon steel plates in September 2013. Most of the products finally reversed the trend of the previous flat plate, and another major steel giant, Wuhan Iron and Steel Co., Ltd. [1.28% funding report] also Upgrading the ex-factory price of steel in September.
Baoshan Iron & Steel Co., Ltd. (600019) today announced the notification of domestic ** sales price adjustments for carbon steel plates in September 2013. Most of the products finally reversed the previous trend of flat-ups, and the other major steel giant, Wuhan Iron & Steel Co., Ltd. (600005) also raised its price. The ex-factory price of steel in September.
According to Baosteel's price adjustment policy, with the exception of BS600MC, hot-rolled products will be increased by 250 yuan/ton in 1E0650, 150 yuan/ton in other products, and 120 yuan/ton in pickling products. In Pu-Leng products, CQ, DQ grade products and non-automotive varieties of steel increased by RMB 120/t; other products remained unchanged.
It is noteworthy that the previous month, Baosteel's ex-factory price policy was flat, and Wuhan Iron and Steel and Anshan Iron and Steel have taken the lead in raising the ex-factory price in August, and Wuhan Iron and Steel's ex-factory price in September also continued to increase.
"The market is improving, Baosteel's price is up, and the current increase is not yet high for Angang's Wuhan Iron and Steel Company. In September, Baosteel's expectations for the consumption of automobiles and home appliances are also improving. The analysts analyze the reporter and the spot market. The price of steel has risen significantly since July, and ** has exceeded 3,800 yuan per ton.
It is worth noting that since the end of June, the rebound rate of steel prices has reached 300 yuan per ton. At that time, the market generally believed that this stock's gain could not be sustained, but the reality is that the upward trend continues.
In this regard, analysts believe that the daily output of crude steel has dropped for three consecutive months, coupled with the steady development of the policy since late in June, the overall market demand in July and August exceeded expectations, in the overall better than expected demand, With supply falling again, the relationship between supply and demand in the domestic market has been gradually improved. In addition, the rise in ore prices has also been rapid. The Platts Index has increased from US$110 per ton to the current US$140 per ton in mid-June, and the cost has increased significantly.