On December 10, major Chinese steelmaker Baosteel issued its prices for carbon steel flat products for delivery in January 2020. The group has decided to raise its local base prices for steel plate, hot rolled coil (HRC), hot rolled pickled products, cold rolled coil (CRC), hot dip galvanized (HDG), electro-galvanized products and non-grain-oriented electrical steel by RMB 100/mt ($14.2/mt), while it has kept its base prices stable for grain-oriented electrical steel, SteelOrbis has learned.
While last month the group had decided to keep its local flat steel prices stable, healthy sales of products for December delivery have bolstered sentiments.
