China’s Bao Steel, the world’s largest steelmaker, has reduced the price of its September hot sheet by $14 per tonne compared to the previous month. However, for August, it had applied the same amount of price reduction. ‎

‎The stagnation of domestic demand and the continuous decline in global prices forced the factory to reduce prices. It is worth mentioning that the price of galvanized sheet has also been reduced by $14. ‎