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12 Jun

Baosteel keeps HRC prices flat as futures fall

Chinese steel futures prices slumped again on Tuesday, with hot rolled coil falling by close to CNY 100/tonne ($14.71/t). Baosteel and Wuhan Iron and Steel both decided to keep their July HRC list prices flat from June, but cut CRC and other flat products, Kallanish notes. On the Shanghai Futures Exchange the October hot rolled coil contract closed down CNY 98/t at CNY 3,006/t. Baowu Iron & Steel Group has kept its July HRC contract prices across its units f…
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