Baosteel holds HRC list prices steady for Dec 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 pricing announcement issued on November 10.

Baosteel's price revision for September, October, November and December sales Source: Baosteel This marks the third consecutive month for the steel giant to roll over its HRC list prices for local sales, Mysteel Global notes, with a Shanghai-based analyst suggesting the decision is a symptom of the predicament the domestic steel mills currently face. Market fundamentals