Baosteel Maintains Flat Steel Prices for June Amid Market Uncertainty

Post Views: 182 Baosteel China’s leading steelmaker, Baosteel, has decided to maintain its flat steel prices for June, following the same pricing strategy for the third consecutive month. This decision indicates the company’s cautious outlook on the steel market in the near term. In February, Baosteel made a modest price increase of 100 yuan per tonne ($14 per tonne) for most flat products. This price hike was aimed at anticipating the peak season. However, since then, the company has opted for a more conservative approach, holding steady on prices. Other major steel mills in China...