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Baoshan Steel lifts HRC price for Aug sales by $14/t

Baoshan Iron & Steel Co (Baoshan Steel), the listed arm of China Baowu Steel Group, announced to raise its August list prices of carbon steel hot-rolled coil (HRC) for domestic sales by Yuan 100/tonne ($14.3/t), which has been in tune with the improved market sentiment and the comparatively stable fundamentals of late, market sources commented.
This has been the third month for Baoshan Steel to raise its HRC list prices, with the previous two adjustments totalling Yuan 330/t, and Angang Steel Co, a leading flat steelmaker headquartered in Northeast China’s Liaoning province, has adopted a similar practice by raising its August HRC prices by Yuan

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