Major Chinese steelmaker Baosteel has issued its prices for carbon steel flat products for delivery in December. The details are as follows (comparisons are with November delivery prices):
1. Hot rolled coil (HRC):
Prices have remained stable, with a discount of $16/mt for contracts signed before November 19.
2. Hot rolled pickled products:
1) Prices of products from Baosteel's main steel production base have remained stable.
2) Prices of products from Baosteel's Shanghai-based subsidiary Meishan Steel have remained stable.
3) A discount of $4/mt will be applied for contracts signed before November 22.
3. Cold rolled (CR) products:
1) Prices of products from Baosteel's main steel production base have remained stable.
2) Products from Meishan Steel are $8/mt lower in price than products from the main steel base.
3) There is a discount of $8/mt for contracts signed before November 15, with a $4/mt discount for contracts signed before November 21.
4. Hot dip galvanized (HDG):
1) Prices of products from Baosteel's main steel production base have remained stable.
2) Prices of products from Baosteel's Shanghai-based subsidiary Meishan Steel have also remained stable.
5. Electro-galvanized (EG) products:
Prices are unchanged, but with a $9/mt discount on contracts signed before November 11 and a $4/mt discount on contracts inked before November 21.
6. Galvalume:
Prices have remained stable, but a $4/mt discount will be applied on contracts signed before November 21.
7. Non-grain-oriented (NGO) electrical steel prices:
Prices have remained stable.
8. Grain-oriented (GO) electrical steel prices:
Prices are unchanged.
9. Other product prices:
Prices are unchanged.
All the above price changes are effective from November 11 and exclude 17
percent VAT
$1 = RMB 6.13