Baosteel holds HRC list prices steady for May 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 May, according to the company's latest pricing announcement issued on April 10. Prior to this, Baosteel had maintained the prices for April sales, as reported.

Baosteel's price revision for May sales Source: Baosteel On one hand, steady steel demand among end users for their immediate production needs is provides Baosteel with support to maintain its prices, argued a Shanghai-based market analyst. This is despite a slight decline in May orders compared to April sales. At the same