China: Baosteel keeps HRC prices stable for Apr’24 sales

Chinese steel giant Baosteel has kept its HRC prices stable m-o-m for Apr’25 sales after increasing tags by $14/t for Mar’25, according to BigMint’s sources. Moreover, hot-dip galvanised prices, too, have been kept unchanged. This is largely because of subdued domestic demand and the imposition of anti-dumping duties on Chinese steel exports to Vietnam.