World’s top steel manufacturer, Baosteel, has decreased HRC prices by RMB 100/t ($14/t) m-o-m for Sep’24 sales, following a similar reduction for Aug. The steel major has lowered HRC offers on subdued domestic demand and a steep drop in global steel prices. In addition, prices for hot-dip galvanised and electrogalvanised have also been reduced by RMB 100/t ($14/t).
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