Baosteel lifts HRC list prices by another $7/t for Sept sales

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

Baosteel's recent price adjustments Source: Baosteel For August sales, Baosteel had also raised the list prices of its major flat steel products by Yuan 50/t, as Mysteel Global had reported. The company's latest upward adjustments for September reflect a marginal improvement in flat steel supply-demand fundamentals, observed a Shanghai-based ferrous analyst. Domestic hot coil output continues to drop while