Will Asian steel mills raise offers for Aug-Sept deliveries?

The major steel mills in East Asia like Baoshan Steel were having a tough time over the past few months owing to squeezed margins. One important thing to watch out for is whether these large mills will increase their prices for August or September deliveries?

According to the China Steel Industry Association, prices of hot-rolled coils (HRCs) are at around RMB 3,973/t ($556). Prices keep fluctuating. Even though the cost is lower than the selling price, manufacturers in China and other countries were unable to increase offers amid lower bids, as demand recovery was