Major Chinese steelmaker Baosteel has issued its prices for carbon steel flat products for delivery in June. The details are as follows (comparisons are with May delivery prices):
1. Hot rolled coil (HRC):
Prices of HRC produced by Baosteel's main steel production base are down $29/mt.
2. Hot rolled pickled products:
1) Prices of products from the main steel base are down $16/mt.
2) Products from Baosteel Group's Shanghai-based subsidiary Meishan Steel are down $24/mt.
3. Cold rolled (CR) products:
1) Prices of products from the main steel base are down $24/mt.
2) Products from Meishan Steel are $8/mt lower in price than products from the main steel base.
4. Hot dip galvanized (HDG):
1) Prices of products from the main steel base have remained stable.
2) Products from Meishan Steel are down $25/mt.
5. Electro-galvanized (EG) products:
Prices of CQ grade products are down $24/mt, while the prices of other products have remained stable.
6. Galvalume:
Product prices are down $24/mt.
7. Non-grain-oriented (NGO) electrical steel prices
Prices of non-grain-oriented (NGO) electrical steel are down $24/mt.
9. Grain-oriented (GO) electrical steel prices
Prices of grain-oriented (GO) electrical steel have remained stable.
All the above price changes are effective from May 9 and exclude 17 percent VAT
$1 = RMB 6.19