Baosteel holds list prices of most steel products for Nov sales

Baoshan Iron & Steel Co (Baosteel), the listed arm of the world's top steelmaker China Baowu Steel Group, has decided to roll over the list prices of most of its carbon steel products including hot-rolled coil (HRC) for domestic sales in November, according to the company's latest pricing announcement issued on October 11.

Baosteel's price revision for November sales Source: Baosteel This marks the second month for the steel giant to hold its HRC list prices for local sales, Mysteel Global notes. A market watcher in Shanghai suggested this was probably because of the high run-rates being maintained by domestic steelmakers and the weak