Major Chinese steelmaker Baosteel has issued its prices for carbon steel flat products for delivery in August. The details are as follows (comparisons are with July delivery prices):
1. Hot rolled coil (HRC):
a) Prices of products from Baosteel's main steel production base have remained stable.
b) For bookings up to July 17 there is a RMB 150/mt ($24/mt) discount, while for bookings up to July 24 there is a RMB 100/mt ($16/mt) discount.
2. Hot rolled pickled products:
a) Prices of products from Baosteel's main steel production base and Baosteel's Shanghai-based subsidiary Meishan Steel have remained unchanged.
b) For bookings up to July 17 there is a RMB 150/mt ($24/mt) discount, while for bookings up to July 24 there is a RMB 30/mt ($4/mt) discount.
3. Cold rolled (CR) products:
a) Prices of cold rolled products from the main steel base have remained unchanged.
b) Products from Meishan Steel are RMB 100/mt ($16/mt) lower in price than products from the main steel base.
c) There is a discount of RMB 150/mt ($24/mt) for bookings of common quality (CQ) products and other steel used in non-vehicle fields effective up to July 18, with a discount of RMB 50/mt ($8/mt) available up to July 23.
4. Hot dip galvanized (HDG):
Prices of HDG from the main steel base and Meishan Steel have remained unchanged.
5. Electro-galvanized (EG) products:
a) Prices of EG products are unchanged.
b) Up to July 14 there is a discount of RMB 100/mt ($16/mt) for bookings of common quality (CQ) products, with a discount of RMB 60/mt ($9/mt) for non-common quality products, while up to July 21 there is a discount of RMB 50/mt ($8/mt) for bookings of CQ products, with a discount of RMB 30/mt ($4/mt) for bookings of non-common quality products.
6. Galvalume:
a) Prices have remained stable.
b) There is a discount of RMB 100/mt ($16/mt) available up to July 21.
7. Non-grain-oriented (NGO) electrical steel prices:
a) Prices have remained unchanged.
b) There is a discount of RMB 150/mt ($24/mt) available up to July 17.
8. Grain-oriented (GO) electrical steel prices:
Prices of 23R, 27R, 30R, 27P and 30P series have increased by RMB 200/mt ($32/mt), while prices of other products have remained unchanged.
All the above price changes are effective from July 11 and exclude 17 percent VAT