World’s top steel manufacturer, Baosteel, has rolled over its monthly HRC and CRC prices while increased electrical steel sheets prices by RMB 800/t ($116/t) for Oct’22 sales. Steel major has kept HRC-CRC prices unchanged on the back of subdued domestic demand and declining profitability. Prior to this, Baosteel reduced HRC prices by $30/t for Aug’22 and $15/t for Sep’22 sales.
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