Tag: China: Baosteel cuts HRCs prices by $15/t m-o-m for Dec’22 sales

China: Baosteel cuts HRCs prices by $15/t m-o-m for Dec’22 sales

Nov 14, 2022

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by

Suyash Jain

in HRC

World’s top steel manufacturer, Baosteel, has slashed its monthly HRCs and heavy plates prices by RMB 100/t ($15/t) but rolled over prices of CRCs and HDG for Dec’22 sales, sources informed SteelMint. The steel major has lowered HRCs offers on subdued domestic demand and a steep drop in global steel prices.