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

World’s top steel manufacturer, Baosteel, has reduced HRC prices by RMB 100/t ($14/t) m-o-m for Aug’24 sales, after keeping prices unchanged in July. The company has lowered prices due to falling SHFE HRC futures prices along with weaker global market demand. However, prices for hot-dip galvanised have remained stable m-o-m.