World’s top steelmaker, Baosteel, has kept HRC prices stable for Jul’24 sales, after increasing in Jun’24. Moreover, hot-dip galvanized prices also remained unchanged. The company rolled over prices due to slow market demand, while, buyers are cautious ahead of summer season in China. Moreover, SHFE HRC futures dropped by RMB 19/t ($3/t) w-o-w to RMB 3,776/t ($521/t).
