Major Chinese steelmaker Baosteel has issued its prices for carbon steel flat products for delivery in June this year.
The producer has decided to cut its local base prices for hot rolled coil (HRC), steel plate, acid pickling plate, cold rolled coil (CRC), hot dip galvanized (HDG), electro-galvanized products and non-oriented silicon steel by RMB 200/mt ($29/mt), while it has reduced its prices for galvalume and pre-painted galvanized iron (PPGI) by RMB 150/mt ($22/mt), all for delivery in June.
