China: Baosteel raises HRC prices by $14/t m-o-m for Jan'26 sales
Baosteel, the world's leading steel manufacturer, has raised its HRC prices by RMB 100/t ($14/t) m-o-m for Jan'26 sales after keeping it stable for three consecutive months. This rise in prices is attributed to an increase in SHFE HRC futures by RMB 36/t ($6/t) m-o-m to RMB 3,277/t ($464/t). Moreover, the prices of hot-dip galvanised also increased by RMB 100/t ($14/t) m-o-m.