China's major steelmakers hike prices amid soaring raw material costs, steel futures hit record highs

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

Chinese steelmaker raised prices amid soaring raw material costs, fuelling concerns over inflation risks in the world’s second largest economy and increased pressure on smaller industrial businesses.

Commodity prices have been climbing in China, with the price of iron ore, one of the major ingredients used in steel production, hitting a record high of $200 per tonne last week, prompting major mills to hike prices on Monday, according to Mysteel consultancy.

For instance, Baosteel, the listed unit of China’s largest steelmaker Baowu Steel Group, said it would raise its June delivery product by . . .

Sign In or Subscribe To Get Full Access.

Try Us For Free

We Are Live On THE WIRE Every Trading Day in China Market. Don't Miss Out and Join Us Now!

Users' reviews

Mike379 💬

"I appreciate the site because it contains all the news necessary to follow China market. With the comprehensive coverage and live updates, I no longer need to scour multiple sources. It's saved me so much time and hassle."

D. Alonso 💬

"I've been using this platform for a while now, and one thing that impresses me is regulatory updates, on both national and regional levels, which is hard to find in other sources. This kind of information really helps me get a comprehensive and deeper understanding of what's happening on the ground."

CJ 💬

"I used to rely on more general mainstream sources for China market information, but I found their coverage was often too broad and random, lacking critical details and local context. Yuan Talks' more focused and systematic approach has changed the way I stay informed. If you're serious about navigating the China market, this platform is highly recommended."

Osterman 💬

"The platform has made tracking China market incredibly easy. I can quickly access all the information I need and effortlessly navigate through the platform to stay updated on the latest developments in the Chinese market."

J. Lee 💬

"Very comprehensive website about China, realtime news, professional views, industry data etc. Perfect place to go if you need to monitor China market."

They work with us

Sign Up For Free Weekly China Market Highlights HERE !