China: Baosteel raises HRC prices by $15/t m-o-m for Jun'26 sales
Baosteel, the world's leading steel manufacturer, has raised its HRC prices by RMB 100/t ($15/t) m-o-m for Jun'26 sales. The increase follows a rise in SHFE HRC futures (Oct'26 contracts), which surged by RMB 210/t ($31/t) m-o-m to RMB 3,485/t ($513/t) as of 8 May'26. Meanwhile, hot-dip galvanised (HDGI) prices were also increased by RMB 100/t ($15/t) m-o-m.