Baosteel, a major steel mill in China, announced to keep the price unchanged for May. Affected by the Russia-Ukraine war, raw material prices remained at a high level.

Due to the current epidemic in China, there are restrictions in many cities, and the steel price decreased on the recent slow demand.

Vietnam’s Formosa Ha Tinh Steel Corporation (FHS) will announce its new prices for June in recent days and it also tried to keep the price for June.

According to understanding, both the US and Europe steel prices remained high. The steel market is quite good as expected. Taiwan's China Steel Corp. (CSC) will announce new prices this Friday (April 15) and might increase its domestic prices for May.