Baosteel cuts flat steel prices by $29/t amid sluggish demand

Leading Chinese steelmaker Baoshan Iron & Steel (Baosteel) will lower its base prices for flat steel products by up to 200 yuan ($29) per tonne for domestic bookings in June, the company said late on Wednesday May 10.

Prices for hot-rolled coil and sheet, heavy plate, pickled products, cold-rolled coil and sheet, hot-dipped galvanized coil and sheet, electro-galvanized products, products with a low-aluminium zinc-aluminium magnesium coating, and non-oriented...


Zihuan Pan

May 10, 2023

14:19 GMT