China: Baosteel keeps HRC prices stable for Dec'24 sales
The world's top steelmaker, Baosteel, has kept HRC prices stable for Dec'24 sales, after increasing tags by $71/t in Nov'24. Moreover, hot-dip galvanised prices also remained unchanged. The steel major kept prices steady due to subdued domestic demand. Furthermore, China's SHFE HRC futures showed a mixed trend for the week.