Baosteel holds HRC list prices for July sales

Baoshan Iron & Steel Co (Baosteel), the listed arm of the world’s top steelmaker China Baowu Steel Group, is holding the list prices for most of its major flat-rolled products including hot-rolled coil (HRC) steady for domestic sales in July, according to the company’s latest pricing announcement issued on June 10. The exception is for grain-oriented electrical steel where the company raised prices by a further Yuan 300/tonne ($44.3/t).

Baosteel's recent price adjustments Source: Baosteel While domestic demand remains relatively tepid, major regional markets in Southeast Asia are also navigating the summer slow season marked by rainy weather and high temperatures, an industry watcher noted. The downward pressure, offset by rising production costs amid surging coking coal prices, has caused Baosteel to