Baosteel hikes HRC list prices by $30/t for Oct 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 some of its major flat-rolled products including hot-rolled coils (HRC) by Yuan 200/tonne ($30/t) for domestic sales in October, according to the company’s latest pricing announcement issued late on September 10.

Baosteel's recent price adjustments Source: Baosteel The rise is the largest upward adjustment Baosteel has made since its increase of the same amount for April sales, when market expectations for a recovery in end-user demand after the Chinese New Year holiday prompted the steelmaker to raise its major flat steel prices, as