Baosteel raises HRC list prices again for June sales on cost and demand support

Baoshan Iron & Steel Co (Baosteel), the listed arm of the world’s top steelmaker China Baowu Steel Group, is raising its list prices for several major flat-rolled products, including hot-rolled coil (HRC), by Yuan 100/tonne ($14.7/t) for domestic sales in June, according to the company’s latest pricing announcement issued late on May 11.

Baosteel's recent price adjustments Source: Baosteel This marks the fourth consecutive monthly price increase for Baosteel's major flat steel products since March, Mysteel Global noted. The latest adjustment for June reflects a combination of factors, including improving downstream demand, relatively steady supply, and rising raw material costs, according to a Shanghai-based ferrous analyst. China's