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Baosteel expects better situation for steel industry in September

Major Chinese steelmaker Baosteel has stated on an interactive platform with investors that it has cut its prices for carbon steel flat products for delivery in August amid declining steel prices in the spot market and more maintenance works being implemented by steelmakers.

Though some raw material prices have also indicated obvious decreases, most steelmakers have been suffering losses or their profits have been reduced.

Baosteel expects that the performance of the steel market may not improve until September, which is the traditional peak season for the steel industry.

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About AISU

Arab Iron and Steel Union ( AISU ) was established in Algeria in 1971 as the first Arab union of Arab countries to be established under the umbrella of the Council of Economic Unity in the League of Arab States.

AISU is a non-governmental organization of a private nature, not of a political or commercial nature.

AISU works in the field of preparing studies, organizing courses and holding periodic conferences for the prosperity of the Arab iron and steel industry. The union includes a wide range of companies with multiple activities related to the iron and steel industry.

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28 Board of Directors

17 Country

300.000 Employees

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