Baosteel has increased HRC prices by RMB 100/t ($14/t) for Mar’24 sales, after keeping flat in Feb’24, according to BigMint sources. In addition, thick plate prices also increased by RMB 100/t ($14/t) m-o-m. Prices rose amid increased offers from competition like Japan’s Tokyo steel. However, Chinese SHFE HRC futures remained volatile with approaching Lunar holidays in China.
