Manufacturing News

Country's three largest steel mills raise prices

China's three largest steel giants, Baoshan Iron & Steel Co. (Baosteel), Anshan Iron and Steel Group Corporation (Ansteel) and Wuhan Iron & Steel Group (WISCO), announced Monday a price adjustment to major steel products starting September.

Baosteel will have its prices raised from 150 yuan ($22.07) to 800 yuan ($117.72) per ton (depending on product); Ansteel will have an adjustment of 200 to 1,000 yuan per ton (depending on product) and Wisco's will range from 200 to 800 yuan per ton (depending on product).

Industry insiders are predicting that a price-raising spree has begun since the industry, after consecutive three months on the slowdown, started from July 19 to see good recovery.

Hu Yanping, an analyst from, said that as the busy season for sales approach, steel prices are naturally likely to soar till the end of the year. He also said that recent natural disasters contribute to the price adjustment as they (disasters) cause a bigger necessity for metals.

Most Viewed in 24 Hours


Start a Digital Twin Journey from Engineering Simulation

Accenture releases survey of digital transformation

CIMC Reduces Unplanned Downtime by 30% with Greater Operational Insight from ThingWorx

Ansys Simulation Speeding up Autonomous Vehicles

  • Tel : 0086-27-87592219
  • Email :
  • Add: 3B1 International Business Center, No. 18 Jinronggang Road (No.4), East Lake High-tech Development Zone, Wuhan, Hubei, PRC. 430223
  • ICP Business License: 鄂B2-20030029-9
  • Copyright © e-works All Rights Reserved