Domestic Future Price Adjustment of Baosteel

As one of our raw material suppliers, recently Baosteel made a domestic future price adjustment of May 2021 of steel pipe, tube, bar and wire products, details are as follows (exclude tax unless otherwise specified):

Domestic Future Price Adjustment

Products involved in domestic furture price adjustment

Billets, bars.

  1. Products of this division: carbon die steel increased by 400 RMB/ton, alloy die steel increased by 200 RMB/ton, alloy round steel increased by 300 RMB/ton, forging steel increased by 200 RMB/ton, other varieties increased by 100 RMB/ton.
  2. Baote long structural steel bars: bearing steel will increase by 300 RMB/ton, and other varieties will increase by 200 RMB/ton.
  3. Industrial pure iron billets will be raised 400 RMB/ton, and spring flat steel billets will be raised 200 RMB/ton.

Wire rods.

  1. Baosteelwire rods: increase by 100 RMB/ton for cold heading steel, 200 RMB/ton for spring steel, welding steel, and ultra-low carbon steel, 300 RMB/ton for bearing steel and other special steel wires.
  2. Baote’s long-product structural steel wire rod: bearing steel will increase by 300 RMB/ton, the rest will be adjusted by the same width for overlapping products and users of the Baosteel, and 200 RMB/ton for non-overlapping products and users.
  3. Qingshan wire rod: the cord and bead will be raised by 300 RMB/ton, the cable steel will be raised by 100 RMB/ton, and other varieties will be raised by 200 RMB/ton.

Seamless steel tubes.

  1. High pressure boiler tube.
  • 140 and precision production line: increase 500 RMB/ton.
  • Lubao production line: increase 500 RMB/ton (tax included).
  1. Mechanical structure tube:
  • 140 production line: increase 500 RMB/ton.
  • Lubao production line: increase 500 RMB/ton (tax included).
  • Precision production line: general automobile tubes will raise by 300 RMB/ton, and other mechanical tubes will raise by 500 RMB/ton.

Welded tubes.

  1. UOE production line: increase by 550 RMB/ton.
  2. HFW production line: increase by 450 RMB/ton.

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