Press "Enter" to skip to content

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

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 . . .

To continue reading, please subscribe and you will get:

 

  • ORIGINAL, DATA-DRIVEN & IN-DEPTH STORIES 
  • THE WIRE - An all-in-one platform with up-to-the-minute updates of market-moving news and views sources via a network of journalists, traders, brokers, analysts, etc. and from multiple credible news outlets in mainland China. We The Wire 24/7, we walk you through every trading day in mainland China and Hong Kong.
  • DETAILS - General information is everywhere, but information with details is rare.
  • WEEKLY NEWSLETTER - A summary of the week's top news distilled into one email.

FREE TRIAL cancel anytime

Already have an account? Sign In

 

 

Top