Steel Trading Hub Boxin Reports Record Transaction Volumes

Boxin, one of China’s largest steel trading hubs located in Shandong province, reported record transaction volumes for the latest quarter, underscoring the region’s growing importance in the national steel market.

The hub processed over 5 million tonnes of steel products during the quarter, a 12% increase compared to the same period last year. PPGI and galvanized products accounted for the largest share of transactions, reflecting the region’s concentration of coating facilities.

“Boxin has evolved from a regional trading center to a national price-setting market,” observed an industry consultant. “Prices established here increasingly influence transactions across the country.”

The growth in trading volumes has been supported by infrastructure improvements, including expanded warehousing capacity and enhanced logistics connections. The hub’s proximity to major ports also facilitates export trade, with a significant portion of products ultimately destined for overseas markets.

Local authorities have announced plans to further develop the trading hub, including the establishment of a steel futures delivery warehouse and enhanced digital trading platforms.