The world’s top steel manufacturer Baosteel has slashed its monthly carbon flat steel prices for Jun’22 sales by RMB 100 ($15/t), sources informed SteelMint. A steep drop in global prices from key countries amidst lower bids and improved domestic HRC supplies with the easing of lockdown restrictions have resulted in a lowering of offers by the steelmaker. Notably, the company had rolled over prices last month.
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