Major Chinese steelmaker Baosteel has issued its prices for carbon steel flat products for delivery in December this year.
The producer has decided to keep its local base prices for hot rolled coil (HRC), steel plate, acid pickling plate, cold rolled coil (CRC), hot dip galvanized (HDG) and medium-aluminum zinc aluminum magnesium, galvalume, high-aluminum zinc aluminum magnesium and pre-painted galvanized iron (PPGI) stable, all for delivery in December.
The cold weather has exerted a negative impact on market sentiments and finished steel prices, and so Baosteel has decided to keep its prices stable for delivery in December.