China's Baoshan Iron & Steel Co Ltd, the country's biggest listed steelmaker, will keep the prices for its main products steady in August, it said in a statement on Thursday.
Wuhan Iron & Steel, another leading Chinese steelmaker, raised prices for its main products by 50-100 Yuan ($8-16) per ton for August in response to the recent rebound in steel prices, traders said. ($1 = 6.1341 Chinese Yuan).
Currently price of HR Coil is at $510 per ton (FOB Shanghai) and domestic prices are hovering at $570-580 per ton.
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