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PrintIt is reported that Baoshan Iron & Steel Co Ltd released its price policy for June delivery recently, keeping almost all varieties prices unchanged from May. The market analysts said this is line with market expectation since the overall scenario is stable either in terms of supply and demand or production cost.
Baosteel announced recently that June prices for HRC, pickled steel, common carbon CR, HDG EG and some other verities all flat.
Mr Wang Jianhua Mysteel analyst commented this pricing policy is within expectation, since the spot steel market has shown little changes at present, the production and supply remain at high levels and demand also has its supportive factors but with no substantial expansion.
He said that in terms of cost, the materials prices including iron ore are standing similarly high but there is limited room for further rises. It’s wise for the steelmakers to follow the market situation and consider the endurance of downstream sectors.
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