Baosteel lifts HRC list prices by $13.8/t for August sales

Baoshan Iron & Steel Co (Baosteel), the listed-arm of the world's largest steelmaker China Baowu Steel Group, has decided to lift its list prices of carbon steel hot-rolled coil (HRC) by Yuan 100/tonne ($13.8/t) for domestic sales in August, after having rolled over the list prices for July sales, according to the company's new pricing policy released via its official Wechat account.

As usual, Baosteel did not disclose the actual list prices for its individual products in its monthly pricing policy, but just the margin of the price adjustment, Mysteel Global noted. The Shanghai-based steelmaker hiked its HRC list prices for August sales on anticipation of improving demand from end-users, especially when it