Baoshan Iron & Steel Co has kept major product prices for July delivery flat from June, after cutting them for two consecutive months.
Baosteel’s announcement yesterday showed the company aims to stabilize the market although demand is seasonally weak in the summer, analysts said. Still, Baosteel cut the prices for some specialty products for July.
Shanghai-based Baosteel is China’s largest listed steel company and its pricing policy typically serves as a benchmark for the rest of the industry in China.(…)
