Baosteel remains HRC prices unchanged for next January

Keyword:
Publish time: 14th December, 2011      Source: ChinaCCM
Information collection and data processing:  CCM     For more information, please contact us

It's reported that Baosteel, the largest steelmaker in China announced to keep the list prices of most products unchanged for next January.

The company decided to keep the list prices of hot rolled coil (HRC) unchanged but increase the prices of cold rolled coil (CRC) and electro galvanized steel by RMB100/ton and RMB100~RMB200/ton respectively.

Industry sources pointed out that Baosteel's new price policy for next January may help to improve the market situation gradually from the beginning of next year though the demand from home appliance and automakers has been seen weak