The world’s top steel manufacturer, Baosteel, has raised HRC prices by RMB 100/t ($14/t) m-o-m for Aug’25 sales, after keeping them unchanged in July. The hike follows an increase of RMB 104/t ($14/t) m-o-m in HRC futures (Oct’25) on the Shanghai Futures Exchange (SHFE) to RMB 3,193/t ($445/t) from RMB 3,089/t ($430/t). Prices of hot-dip galvanised were also raised by RMB 100/t ($14/t).
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