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Baosteel keeps flat steel prices steady for June 2025.
Decision reflects cautious optimism and market stability.
Industry awaits pricing moves from other Chinese mills.
China’s leading steelmaker Baosteel, a subsidiary of China Baowu Steel Group, has announced that it will maintain its current flat steel product prices for June 2025 deliveries. This move comes as the Chinese domestic steel market stabilizes, with improving demand signals from the construction and automotive sectors.
Market participants had speculated about a possible price hike, considering recent upticks in raw material costs and marginal improvement in domestic steel consumption. However, Baosteel opted for price stability, signaling its cautious optimism about market recovery and the need to support downstream industries.
Industry sources reveal that Baosteel’s decision reflects a balanced approach, as it weighs steady export demand and fluctuating domestic market sentiment. While other mills in the region are yet to announce their June pricing strategies, Baosteel’s stance could influence pricing decisions across East Asia.
Flat steel products, including hot-rolled and cold-rolled coils, are widely used in infrastructure, shipbuilding, and manufacturing. By keeping prices steady, Baosteel aims to sustain customer confidence amid lingering global economic uncertainties and maintain its market share in a competitive environment.
The market will closely watch other Chinese steelmakers’ pricing announcements in the coming days, which could collectively shape regional pricing trends for June.
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