I'm not sure about Baosteel. As far as I know, if Masteel's futures are ordered from a steel mill, it should be paid in full first, and then sent to customers after the goods are produced. If the goods are delivered late due to production reasons, the steel mill will not be responsible. The price settlement of Maanshan Iron and Steel Co., Ltd. is based on ten days, with one chasing up or down every ten days. If the amount in the account is not enough because of chasing up, the full amount must be remitted in advance. No matter what the reason, as long as the money in your account is not enough, the steel mill will definitely ask you for it. If you place an order with the agent, it will be much easier to say. You can talk to the agent about whether it is at the futures price or at the futures price. If it is short, it will generally be remitted in about the same time, but the delivery is still uncontrollable. The steel mill delivers the goods, and the agent is not responsible for the delivery of what he gives you.
3. You can contact relevant personnel of Baosteel. It must be a communication problem. The problems you encounter are very common in steel futures. We are the futures of Maanshan Iron and Steel Co., Ltd., and it is common to execute the contract in advance or one month. However, you must ensure that the payment is paid in full in advance. I won't mention this.