Baosteel, the world’s largest steel producer, has increased its HRC prices by RMB 100/t ($15/t) m-o-m for May’26 sales compared with prices in April. This marginal price rise is due to an increase in SHFE HRC futures by RMB 37/t ($5/t) m-o-m to RMB 3,257/t ($477/t) as on 10 April. However, prices of hot-dip galvanised remain unchanged.
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