Baosteel rolls over HRC list prices for Nov 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 its major flat-rolled steel products including hot-rolled coils (HRC) unchanged for domestic sales in November, according to the company’s latest pricing announcement issued late on October 10.

Baosteel's recent price adjustments Source: Baosteel Early last month, Baosteel had raised its HRC list prices for domestic sales in October by Yuan 200/tonne ($30/t) amid widening margin losses due to elevated input costs from high coking coal and metallurgical coke prices, as Mysteel Global reported. The prices of major steelmaking raw materials