Baosteel issues its flat steel prices for October

Tuesday, 14 September 2010 17:23:46 (GMT+3)   |  
       

Major Chinese steelmaker Baosteel has announced its prices of flat steel products for October shipment. The details are as follows (comparisons are with September prices):

1. HRC

Prices of low carbon, ultra-low carbon steel and common cold forming steel are up by RMB 300/mt ($44/mt), while prices for other HRC products are up by RMB 150/mt ($22/mt).

2. Pickling products

Prices have increased by RMB 260/mt ($38/mt).

3. CR products

1) Prices of CQ steel and non-automotive steel are up by RMB 110/mt ($16/mt), with the prices of other steel products up by RMB 200/mt ($29/mt).
2) Stainless steel division product prices are down by RMB 100/mt ($14/mt).

3) CRC prices of Baosteel Group Shanghai Meishan Co., Ltd are down by RMB 200/mt ($29/mt).

4. HDG

1) Main steel base products: prices of S series structural steel are unchanged from September levels with other products up by RMB 260/mt ($38/mt).
2) Baosteel Group Shanghai Meishan Co., Ltd products: prices are up by RMB 260/mt ($38/mt).

5. Electric galvanized

Prices of CQ grade material are unchanged, with other products up by RMB 100/mt ($14/mt).

6. Galvalume

1) Prices of thicknesses<1.2 mm are up by RMB 350/mt ($52/mt), with prices of thicknesses ≥1.2 mm up by RMB 300/mt ($44/mt).

2) Prices of material produced by Baosteel Group Shanghai Meishan Co., Ltd are RMB 100/mt ($14/mt) lower than the above galvalume prices.

7. Electrical steel

1) Non-grain-oriented electrical steel: prices of B50A1300, B65A1300 materials are up by RMB 380/mt ($56/mt), with other product prices increasing by RMB 350/mt ($52/mt).

2) Grain-oriented electrical steel: all prices are unchanged.

8. All heavy plate prices are up by RMB 150/mt ($22/mt).

All the above prices are effective from September 14 and exclude 17 percent VAT.

$1 = RMB 6.73


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