Baosteel rolls over HRC list prices for 2025 January sales

Baoshan Iron & Steel Co (Baosteel), the listed arm of the world's top steelmaker China Baowu Steel Group, is holding the list prices of its carbon steel hot-rolled coil (HRC) steady for domestic sales in January, according to the company's latest pricing announcement on December 10. Prior to this, Baosteel had kept the prices unchanged for December sales, as reported.

Baosteel's price revision for January sales Source: Baosteel Weakening demand was the major reason preventing Baosteel from raising HRC list prices, a Shanghai-based market analyst suggested, with overseas orders declining and domestic orders limited to meeting users' immediate needs. Besides, compared to construction steel suffering from a seasonal demand slow, hot coils have been generating better