China Baosteel raises flat steel prices for July sales

The world's largest steelmaker Baosteel has renewed its monthly carbon flat steel prices for July 2022 sales. The steelmaker did not change prices, taking into account the declining domestic demand amid the resurgence of Covid-19 infections. It is stated that the steelmaker has reduced its flat steel prices by RMB 100/ton ($15/t) for June deliveries.