Major Chinese steelmaker Baosteel has issued its prices for carbon steel flat products for delivery in September. The details are as follows (comparisons are with August delivery prices):
1. Hot rolled coil (HRC):
Prices of products from Baosteel's main steel production base have remained stable.
2. Hot rolled pickled products:
Prices have remained unchanged.
3. Cold rolled (CR) products:
a) Prices of cold rolled products from the main steel base have remained stable.
b) Prices of cold rolled products from Baosteel's Shanghai-based subsidiary Meishan Steel are RMB 100/mt ($16/mt) lower than prices of products from the main steel base.
4. Hot dip galvanized (HDG):
Prices have remained unchanged.
5. Electro-galvanized (EG) products:
Prices of EG products are unchanged.
6. Galvalume:
Prices have remained stable.
7. Non-grain-oriented (NGO) electrical steel prices:
Prices have remained unchanged.
8. Grain-oriented (GO) electrical steel prices:
Prices of B35G155, B30G120, B30G130, B30G140, B27G120 and B23G110 grades have increased by RMB 300/mt ($48/mt), while prices of indented GO electrical steel and Hi-B series products have risen by RMB 200/mt ($32/mt).
All the above price changes are effective from August 11 and exclude 17 percent VAT.