Major Chinese steelmaker Baosteel has issued its prices for carbon steel flat products for delivery in August this year.
The producer has decided to raise its local base prices for hot rolled coil (HRC) by RMB 100/mt ($14/mt), while also to increase the local base prices for acid pickling plate, cold rolled coil (CRC), hot dip galvanized (HDG), electro-galvanized products, galvalume, pre-painted galvanized iron (PPGI) and non-oriented silicon steel by RMB 100/mt ($14/mt), though to hold the local base prices for steel plate and oriented silicon steel stable for delivery in August.
$1 = RMB 7.1886