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The ex-factory price of Baosteel's steel products in May (4881,10.00, 0.21%) was released “in advance†yesterday. Most steel products were down by 200-300 yuan. This is the first time that Baosteel has lowered its ex-factory price since August last year.
According to Baosteel's latest price policy, the company's hot-rolled, pickled, electro-galvanized, galvanized and some non-oriented electrical steel products are lowered by 200 yuan / ton, while Pu cold, hot-dip galvanizing, color coating and other products Generally lowered by 300 yuan / ton. Baosteel generally announces the steel price policy for the next month in mid-month, and this time the price policy is introduced in advance. Analysts believe that one of the reasons is that Baosteel has recently “not good daysâ€. According to a person from the Baosteel Trade Department, due to the high ex-factory price, Baosteel's ordering situation in April was not ideal. Industry manufacturers or follow up China Union Steel analyst Hu Yanping told reporters that Baosteel recently lowered the ex-factory price, or last July, since then, Baosteel's price policy has either increased prices or flat. Since mid-February this year, other steel companies have lowered their steel prices. “In contrast, Baosteel’s ex-factory price is too high.†Hu Yanping said that in the case of cold coils, Baosteel’s pre-tax price is 450 yuan/ton higher than that of Angang. She analyzed that because the steel for home appliances does not have high requirements for automotive steel, if the price difference is too far, the home appliance enterprises will choose other steel enterprises to purchase goods. Industry analysts believe that the ex-factory price of other steel mills in May will also be mainly down. "It is not the wind Baosteel, but the market trend."