Tag: China: Baosteel hikes flat steel prices by up to $44/t m-o-m for Mar’23

China: Baosteel hikes flat steel prices by up to $44/t m-o-m for Mar’23

Feb 13, 2023

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by

Suyash Jain

in HRC

World’s top steel manufacturer, Baosteel, has raised HRC, CRC and HDG prices by RMB 200/t ($29/t) m-o-m and heavy plates prices by RMB 300/t ($44/t) for Mar’23 sales, sources informed SteelMint. The company has raised prices for the third consecutive month amid rising global HRC prices, increasing raw material costs and expected demand recovery.