Baosteel Increases Hot-Rolled Coil Prices for January 2026

Post Views: 201 Baosteel HRC Hot-Rolled Coil Price Increase Signals Market Recovery Baosteel, a subsidiary of China Baowu Steel Group, raised its domestic hot-rolled coil (HRC) prices for January 2026 by 100 yuan per ton ($14/t). This is the first increase since September. The price hike follows production cuts by steel mills aimed at reducing supply. Meanwhile, improvements in China’s domestic steel market also support the decision. The global hot-rolled coil market has shown upward trends since November 2025. Prices in the EU and US increased due to stronger demand and reduced supply. Howeve...