Baosteel holds HRC list prices for domestic sales for Feb, hikes them for March

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 February while raising them for March sales by Yuan 100/tonne ($14.3/t), according to the company's latest pricing announcement issued late on Monday.

Baosteel's recent price adjustments Source: Baosteel The pricing announcement especially for March sales came a bit early this year, which was formerly expected to be released until February. This tactic reflects the pressure steel mills currently face in receiving new orders and their expectation towards future pickup in downstream demand following