Baosteel has increased HRC prices by RMB 50/t ($7/t) m-o-m for June’24 sales, according to BigMint’s sources. The company has increased prices following the rise in SHFE futures post-Labour Day holidays. Furthermore, China’s steel inventories are also declining due to which prices are on the higher side. However, prices of hot-dip galvanized and heavy plate remained stable for the month.
