Baosteel holds HRC list prices steady for December sales

Baoshan Iron & Steel Co (Baosteel), the listed arm 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 December, according to the company's latest announcement on November 11. A month ago, Baosteel had hiked the price by a large Yuan 500/tonne ($69.6/t) for November sales, as reported.

Baosteel's price revision for December sales Source: Baosteel A Shanghai-based market watcher suggested that while Baosteel seems to have sufficient HRC orders from end-users for this month, the Shanghai-headquartered mill is actually facing some pressure when securing orders for December, and it was partly this that prompted the company to hold