China’s Baowu Steel announced that its prices for February will remain largely unchanged compared to January. This stability is primarily attributed to the steel mill finalizing its New Year order collection. January orders have been acceptable, and a similar performance is anticipated in February. Additionally, downstream market demand remains strong, while overall inventory levels are relatively low.

Post-New Year, there is a continued need for inventory replenishment, and steel mills are actively restocking. Under these circumstances, there is no immediate requirement for significant price adjustments. This cautious approach to pricing stability reflects the core strategy of the steel mill during this period.