On March 19, major Chinese steelmaker Hebei Province-based Hesteel has cut its list prices for most flat steel items for delivery in April.
Accordingly, for the period in question, Hesteel has cut its current offer prices for hot rolled coil (HRC) by RMB 100/mt ($14/mt). At the same time, all its prices for hot rolled pickled coil, SPCC, hot base galvanized sheet, cold base galvanized sheet and cold rolled coil (CRC) have also decreased by RMB 100/mt ($14/mt).
The producer has kept its prices for medium plate and pre-painted galvanized iron (PPGI) stable, SteelOrbis has learned. All prices are on ex-works basis.
$1 = RMB 7.0522
