China Baoshan Steel raises Oct HRC list prices by $7/t
Sep 11, 2020 17:30
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Baoshan Iron & Steel Co (Baoshan Steel), the listed arm of China Baowu Steel Group, is raising its October list prices of carbon steel hot-rolled coil (HRC) for domestic sales by Yuan 50/tonne ($7.3/t), the company’s pricing policy released on September 10 showed.
After the adjustment – Baoshan Steel’s fourth increase in HRC list prices in four months – the mill will have lifted HRC prices by a total of Yuan 480/t, Mysteel Global noted.
Another leading flat steel producer, Anshan Iron and Steel Co located in Northeast China’s Liaoning, also announced it was