Baosteel rolls over HRC list prices for October sales

Baoshan Iron & Steel Co (Baosteel), the listedarm of the world's top steelmaker China Baowu Steel Group, is keeping the list prices of its carbon steel hot-rolled coil (HRC) unchanged for domestic sales in October, according to its latest release posted on September 10. A month ago, Baosteel had reduced its HRC pricesby Yuan 100/tonne ($14.07/t) for September sales, as Mysteel Global had reported.

Baosteel's price revision for October sales Source: Baosteel Commenting on the steel giant's decision, a Shanghai-based market analyst explained that on the one hand, China's steel market is now witnessing slightly reduced supply and recovering demand overall, which might give Baosteel the confidence not to lower its product prices. But on the other