Baosteel lifts HRC list prices slightly for August sales

Baoshan Iron & Steel Co (Baosteel), the listed arm of the world’s top steelmaker China Baowu Steel Group, is raising the list prices for its major flat-rolled products including hot-rolled coil (HRC) by Yuan 50/tonne ($7.4/t) for domestic sales in August, according to the company’s latest pricing announcement issued late on July 10.

Baosteel's recent price adjustments Source: Baosteel Baosteel had rolled over its list prices for major flat steel products for July sales, as reported. "The upward adjustments for August partly reflect the steel major's expectations for improving downstream demand going forward," said a Shanghai-based ferrous analyst. Mysteel's latest survey shows that although steel mills are facing some pressure in securing new orders from downstream