Category: HRC
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China: Baosteel raises flat steel prices by $7/t m-o-m for Aug’26 sales
Rising input costs prompt mill to increase selling prices Weak seasonal demand continues to limit buying activity Baosteel, the world’s leading steel producer, has raised its domestic hot-rolled coil (HRC) and hot-dip galvanised iron (HDGI) prices by RMB 50/t ($7/t) m-o-m for August 2026 sales. The price hike is likely to have been driven by…