China’s major steel producer- Baosteel has released its flat steel product list prices for Feb ’21 delivery. As per company’s official publication, the list price for HRC has been increased by RMB 350/t ($54), heavy plates by RMB 300/t ($46), CRC by RMB 400/t ($62), while that of galvanized product spiked by RMB 700/t ($108). Supply constraints due to announced production cuts and robust downstream industry demand in domestic and overseas market prompted mill to increase flat steel prices.
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