Ansteel cuts HRC list prices for Dec sales by $7.5/t

Angang Steel Co (Ansteel), the Shenzhen-listed arm of China's second-largest steelmaker Ansteel Group, has decided to clip the list prices of its carbon steel hot-rolled coils (HRC) by Yuan 50/tonne ($7.5/t) for domestic sales in December, according to the company's latest announcement on November 11. It also clipped Yuan 50/t off its prices for pre-painted sheets and coils but left all other prices unchanged.

Ansteel's announcement came one day after Baoshan Iron & Steel (Baosteel), the listed arm of the world's top steelmaker China Baowu Steel Group, had declared it was holding the list prices of its major steel flats including HRC unchanged for December, as Mysteel Global reported. Usually, the pricing decisions of China's two major flat