Baoshan Iron & Steel (Baosteel), a subsidiary of China Baowu Steel Group, has maintained current prices for hot-rolled coil (HRC) for domestic sales in October, amid weak domestic demand and mixed trends in futures markets.
Prior to this, Baosteel had raised prices for two consecutive months, including a 200 yuan/t ($27.8/t) hike in August.
However, HRC production among 37 Chinese mills fell to 3.14M tons (down 3.2% week-on-week), hitting a three-month low as several northern and northeastern mills underwent maintenance.
Despite domestic weakness, Chinese steel exports rose 10% YoY in Jan–Aug 2025 to 77.49M tons. In August alone, exports hit 9.51M tons, up 10.6% MoM, even as China’s imports of metal products fell 14.1% YoY.
VietnamSteel by Hoa Sen Group
