China Steel Prices Edge Higher as Baosteel Hikes Monthly Rates

Input Cost Pressure

Rising prices for iron ore and coking coal have forced mills to adjust their pricing structures. While the property sector remains soft, demand from the automotive and green energy infrastructure sectors is providing a needed offset.

Pre-Holiday Restocking

Factories are engaging in a pre-Lunar New Year restocking cycle, which is temporarily tightening spot availability. This seasonal demand is expected to provide a floor for prices through the end of the month.