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Chinese Baosteel remains list prices unchanged for June

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Reportedly, Chinese Baosteel announced its price policy for June delivery on May 9th, 2012.

The company decided to remain the ex-factory prices of most of its product such as hot rolled steel, pickled steel, cold rolled steel, hot dipped galvanized steel unchanged for June.

Also, Baosteel has kept the ex-factory prices of hot rolled steel flat for consecutive three months.

It’s known that the market prices of hot rolled steel, cold rolled steel and heavy plates have decreased by RMB100~RMB200/ton in Chinese market over the past one month, even though some major Chinese steel mills hiked the prices slightly for May.
News Date 10 May 2012 11:45:05 reported by Lisa Yao

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