Baosteel holds HRC list prices unchanged for Dec sales

Baoshan Iron & Steel Co (Baosteel), the listed arm of the world's top steelmaker China Baowu Steel Group, is keeping the list prices for its major flat-rolled steel products including hot-rolled coils (HRC) unchanged for domestic sales in December, according to the company's latest pricing announcement issued on November 10.

Baosteel's recent price adjustments Source: Baosteel Last month, Baosteel had also rolled over its list prices for domestic sales in November, as Mysteel Global reported. The decision to again roll over the all prices reflected the mill's efforts to stabilize market sentiment amid weak domestic demand and squeezed steelmaking margins, while exports and relatively low production