Tag: China: Baosteel cuts HRC prices by $14/t m-o-m for May’24 sales

China: Baosteel cuts HRC prices by $14/t m-o-m for May’24 sales

Apr 11, 2024

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by

Snehal Govardhan

in HRC

Baosteel has decreased HRC prices by RMB 100/t ($14/t) m-o-m for May’24 sales, after keeping that unchanged in April. The company has reduced prices amid fall in the futures and subdued demand globally. Moreover, prices for hot-dip galvanized (DQ level) has also been reduced by RMB 100/t ($14/t).