Baosteel’s  wire rod product  prices is increasing soon

The Chinese steelmaker Baosteel Group announced its domestic wire rod futures prices for November, based on the September prices, up RMB 100/ton. This may effect China steel exports.

The prices for cold heading steel wires and bearing wires will be increased by RMB 100/ton, and spring steel wires and high carbon steel wires will be also increased by RMB 100/ton. Basosteel’s wire rod products were mainly used for auto industry.

Collected by buttwelding pipe fittings kaysuns