Baosteel lifts HRC list prices by $15/t for May sales

Baoshan Iron & Steel Co (Baosteel), the listed arm of the world's top steelmaker China Baowu Steel Group, is raising list prices of some of its major flat-rolled items including for hot-rolled coil (HRC), by Yuan 100/tonne ($14.6/t) for domestic sales in May, according to the company's latest pricing announcement issued late on April 10.

Baosteel's recent price adjustments Source: Baosteel Since the end of the Chinese New Year (CNY) holiday in late February, Baosteel has issued two pricing statements – for April and then for May – and both saw prices of some products raised, Mysteel Global notes. For last Friday's announcement for May, Baosteel