On October 10, major Chinese steelmaker Baosteel has issued its prices for carbon steel flat products for delivery in November. The group has decided to hold local base prices for HRC, plate, hot rolled pickled products, CRC, HDG, PPGI, electro-galvanized products, and oriented and non-oriented electrical steel stable, SteelOrbis learnt.
The group has cut local prices for HRC and plate by RMB 100/mt ($14/mt) for October, while base prices for CRC and HDG have increased by RMB 100/mt ($14/mt).