Baosteel announced its prices for the fourth quarter of 2006 today. Hot and cold rolled coil prices both decreased RMB 200/mt ($25) compared with the prices of the third quarter.
The details of the price changes are as follows.
1. Hot rolled coil (SPHC) decreased RMB 200/ton ($25), while the prices of other hot rolled products retained the previous level.
2. Cold rolled coil (SPCC) decreased RMB 200/ton ($25), while the prices of other cold rolled products remained unchanged;
3. CR Full Hard October prices dropped RMB 400/ton from September prices;
4. HDG increased RMB 100/ton from Q3 prices;
5. October prices of color-
Coated Steel decreased RMB 200/ton from September prices.
6. October prices of wide and thick steel
plate increased RMB 100/ton from September prices;
7. Silicon steel increased RMB 150/ton from Q3 prices;
8. Electro-Tin
Plate increased RMB 200/ton from Q3 prices.
The prices of other products remained unchanged.
17 percent VAT is excluded from the prices and are in effect as of August 22, 2006.