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Mysteel: Baosteel's barometer effect in price adjustment strengthens
Dec 21, 2016  14:08:00
Abstraction: Baosteel, as one of China's flat steel making giants, was under focused attention in adjusting ex-works prices each month, as analysts tended to get some clue to foresee market trend from Baosteel's price adjustment, and other counterpart steelmakers were inclined to follow Baosteel's step in setting price adjustment policies. However, the barometer effect of Baosteel weakened last year when steel prices declined for most time of the year. Nevertheless, the outlier came back to highlighted attention again this year.
Baosteel, as one of China’s flat steel making giants, was under focused attention in adjusting ex-works prices each month, as analysts tended to get some clue to foresee market trend from Baosteel’s price adjustment, and other counterpart steelmakers were inclined to follow Baosteel’s step in setting price adjustment policies. However,...

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