10
Sep
06:54
Baosteel, Wugang lower October HRC prices
China's major flat steel producers Baosteel and Wugang, both part of the Baowu Group, have announced their flat steel offers for October, Kallanish notes. There is some divergence evident in Baosteel’s offers for HRC and derivative products.
Due to oversupply and negative expectations in the Chinese domestic hot-rolled coil market, prices have been continuing to fall for some time. Both Baosteel and Wugang announced this week that t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous