Tag: China: Baosteel rolls over HRC prices for Oct’22 sales

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…