Baosteel hikes prices for Q3

Tuesday, 23 May 2006 14:51:17 (GMT+3)   |  
       

SteelOrbis Shanghai Shanghai based Baosteel announced its third quarter price list on May 23. The details are as follows. Based on the price lists for May and June, the ex-factory prices of common carbon hot rolled products increased RMB 300/mt ($37). So, the price of 2.75-3.0 mm x 1,000-1,050 mm x C (SPHC) became RMB 3,942/mt ($492), and that of 3.11-5.99 mm x 1,000 – 1,050 mm x C (SS400) became RMB 3,792/mt ($473). Common carbon cold rolled product prices increased RMB 300/mt ($37). Now the ex-factory price of DC01 1.0 mm x 1,250 mm x C became RMB 4,896/mt ($610), and that of SPCC 1.0 x 1,250 x C became RMB 4,796/mt ($598). Hot rolled pickled and oiled product prices increased RMB 200/mt ($25). So, the price of 2.75 mm x 1,250 mm x C reached RMB 4,097/mt ($511). Based on wide and thick plate prices for June, the July prices increased around RMB 200-400/mt ($25-50). Broken down specifically, the price of structural steel increased RMB 200/mt ($25). Now the price of 15.1-50 mm wide and 2 to 4 meters long Q235 is RMB 3,700/mt ($461). The prices of shipbuilding plates (A, B, D, E) are up RMB 300/mt ($37). The price of B plates with thicknesses ranging from 10.1 mm to 15 mm are RMB 3,900/mt ($486). The prices of high-strength shipbuilding plates such as AH32, DH32, EH32, AH36, DH36 and EH36 are up RMB400/mt ($50). The price of 10.1-15 mm thick AH32 is at RMB 4,080/mt ($509), and that of AH36 is at RMB 4,170/mt ($520). The prices of other products retain the levels of June. The ex-factory price of hot dip galvanized products increased RMB 400/mt ($50). After the adjustment, the price level for 0.5 x 1,250 x C (DC51D+Z) reached RMB 5,227/mt ($652), that of 1.0 x 1,250 x C (DC51D+Z) reached RMB 4,927/mt ($614). The ex-factory price of aluminum plating products as well as the galvanized products are up RMB 300/mt ($37). After the price hike, the new price for 0.5 x 1,000 x C (DC51D+AZ) increased to RMB 6,147/mt ($766) and that of 1.0 x 1,000 x C (DC51D+AZ) to RMB 5,877/mt ($733). The price of electro-galvanized products went up RMB 200/mt ($25). Now the price of 0.5 x 1,250 x C (SECC) became RMB 6,877/mt ($857), and that of 1.0 x 1,250 x C (SECC) became RMB 6,477/mt ($808). Based on June prices, the price of color coated products for July went up RMB 400/mt ($50). After that, the new price of 0.5 x 1,000 x C (TDC51D) is RMB 6,337/mt ($790). The electrical steel prices increased RMB 200/mt ($25). At present, the new price level for 0.5 x 1,100 x C (B50A800) is RMB 4,780/mt ($596). Based on second quarter, wire rod prices increased RMB 200-300/mt ($25-37). The prices of cold heading steel increased RMB 200/mt. The price of 6.5 mm SCM435 reached RMB 5,206/mt ($649). The price of SWRH82B and SWRH82B-1 is up RMB 300/mt ($37). After the price adjustments, the price of 6.5 mm SWRH82B-1 increased RMB 3,728/mt ($465). The price of low carbon wire rod increased RMB 200/mt ($25). The new price of 6.5 mm SWRM8 is RMB 3,443/mt ($429). Prices of semi finished steel also saw increases ranging from RMB 200-500/mt ($25-62). Baosteel's announcement of new price list is driving up the market prices, especially for HRC prices. In Shanghai, the price of HRC went up by RMB 80/mt ($10), and that in Tianjin and Lecong see an increase of RMB 30-50/mt ($4-6). However, the business activity is not very brisk. The increasing market prices may start going down after the upcoming export tax rebate policy is announced.

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