Major Chinese steelmaker Baosteel has issued its prices for carbon steel flat products for delivery in February. The details are as follows (comparisons are with January delivery prices):
1. Hot rolled coil (HRC):
Prices of products from Baosteel's main steel production base are up $13/mt.
2. Hot rolled pickled products:
1) Prices of products from Baosteel's main steel production base have remained stable.
2) Prices of products from Meishan Steel are up $16/mt.
3. Cold rolled (CR) products:
1) Prices of common quality (CQ) and drawing quality (DQ) products (except products used in the auto industry) from the main steel base are up $19/mt and $11/mt respectively, while the prices of other products have remained stable.
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 common quality (CQ) products, S series structural steel products and hot rolled pickled HDG from the main steel base are up $8/mt, while the prices of other products have remained stable.
2) Prices of products from Meishan Steel have risen by $8/mt.
5. Electro-galvanized (EG) products:
Prices of common quality (CQ) products are up $24/mt, while the prices of other products are up $16/mt.
6. Galvalume:
Product prices have risen by $8/mt.
7. Non-grain-oriented (NGO) electrical steel prices:
Prices have remained stable.
8. Grain-oriented (GO) electrical steel prices:
Prices are unchanged.
All the above price changes are effective from January 13 and exclude 17 percent VAT
$1 = RMB 6.09