China’s major steel giant – Baoshan Iron & Steel has lowered HRC coils price by RMB 100/t ($15). Meanwhile, CRC and heavy plate prices remain unchanged. However, galvanized products price increased by RMB 100/t ($15) and color coated up by RMB 150/t ($22) for Nov deliveries. Baowu group stood as the world’s 2nd largest steel producer in CY’19 with an output of 95.5 mn t.
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