Baosteel(SH:600019) Zhong Guo Chan Ye Jing Ji Xin Xi Wang·2025-08-25 00:41Group 1 - The core viewpoint is that China Baowu has raised steel prices for September due to easing order pressure and increased downstream restocking expectations as the off-season approaches its end [1][3] - Specific price increases include a rise of 200 CNY/ton for thick plates, hot-rolled products, non-oriented silicon steel, high aluminum zinc aluminum magnesium plates, aluminum zinc plates, and color-coated plates, and a rise of 300 CNY/ton for pickled products, cold-rolled products, hot-dip galvanized plates, electro-galvanized plates, and medium aluminum zinc aluminum magnesium plates compared to August [1] - The current market shows improved purchasing willingness among merchants, with steady downstream order growth and strong overseas industrial product consumption driving continued export order growth [1][2] Group 2 - The steel market is characterized by low inventories of finished products and raw materials in the manufacturing sector, with expectations for a stronger peak season [2] - Steel companies are maintaining profits, with flat steel gross margins expected to rise to 250-300 CNY/ton in August, while supply remains stable and steel inventories are low [2] - Export demand is expected to continue supporting the market, with July export data showing a year-on-year increase, particularly in industrial products, driven by international trade dynamics [2]