It is reported that Baosteel's delayed Q3 EXW price release has beaten expectations. However, a host of steel experts forecast that the steelmaker will increase price by CNY 200 per tonne to CNY 300 per tonne. Strong operations are still expected for steel industry in Jun.

Baotou Steel was reported to lift its price further recently
1. HR product price was raised by CNY 250 per tonne
2. CR product up by CNY 300 per tonne
3. Large and medium sized section steel up by CNY 250 per tonne.
4. Ex works price for Q2353.0mm HR products stands at CNY 5970 per tonne
5. HR Q2355.5mm price stands at CNY 5800 per tonne
6. CR SPCC1.0mm price stand at CNY 6900 per tonne
7. SPCC1.0mm full hard price stand at CNY 6200 per tonne.
8. HDG price was increased by CNY 300 per tonne
9. SGCC1.0mm price stands at CNY 6950 per tonne.

(Sourced from MySteel.net)