Major Chinese steelmaker Baosteel has made adjustments to its carbon steel flat product prices for November deliveries, generally unchanging its prices. The prices are as follows (comparisons are with October prices):
1. Hot rolled coil (HRC) - produced by Baosteel's main steel production base and by its stainless steel are all unchanged.
2. Hot rolled pickled products:
1) Products produced by Baosteel's main steel production base have been unchanged.
2) Products from Baosteel's stainless steel division are RMB 50/mt ($8/mt) lower than prices of products from the main steel base.
3) Products from Baosteel Group Shanghai Meishan Co. are unchanged.
3. Cold rolled (CR) products:
1) Prices of products from the main steel base are unchanged.
2) Stainless steel division products are RMB 100/mt ($16/mt) lower than prices of products from Baosteel's main steel base.
3) Products from Baosteel Group Shanghai Meishan Co. are RMB 200/mt ($31/mt) lower than prices of products from the main steel base.
4) Prices of double wall brazed tube, flux-cored wire and single wall tube for November-December are the same as that of September-October.
4. Hot dip galvanized (HDG):
1) Product produced by the main steel production base are unchanged.
2) Prices of products from Baosteel Group Shanghai Meishan Co. are unchanged.
5. Electro-galvanized (EG) product prices are unchanged.
6. Galvalume:
1) Prices of products from Baosteel's main steel base are unchanged.
2) Prices of products from Baosteel Group Shanghai Meishan Co. are RMB 50/mt ($8/mt) less than prices of products from the main steel base.
7. Color coated (May-June): prices of all products are unchanged.
8. Non-grain-oriented (NGO) electrical steel: prices are unchanged.
1) Prices of high grade steel and B35 series are unchanged.
2) Prices of B50A470 and B50A540 series are down by RMB 200/mt ($31/mt).
3) B50AR, B50AH470 and lower grades have been reduced in price by RMB 200/mt ($31/mt)
9. Grain-oriented electrical steel: prices are down by RMB 600/mt ($94/mt).
10. Hot rolled plate (HRP) prices are unchanged.
All the above price changes are effective from October 12, 2011, and exclude 17 percent VAT.
$1 = RMB 6.36