Major Chinese steelmaker Baosteel has issued its prices for carbon steel flat products for delivery in January 2014. The details are as follows (comparisons are with December 2013 delivery prices):
1. Hot rolled coil (HRC):
Prices have increased by RMB 50/mt ($8/mt).
2. Hot rolled pickled products:
a) Prices of products from Baosteel's main steel production base have increased by RMB 50/mt ($8/mt).
b) Prices of products from Baosteel's Shanghai-based subsidiary Meishan Steel have also increased by RMB 50/mt.
3. Cold rolled (CR) products:
a) Prices of products from Baosteel's main steel production base have increased by RMB 50/mt.
b) Products from Meishan Steel are RMB 50/mt ($8/mt) lower in price than products from the main steel base.
4. Hot dip galvanized (HDG):
a) Prices of products from Baosteel's main steel production base have increased by RMB 50/mt.
b) Prices of products from Baosteel's Shanghai-based subsidiary Meishan Steel have also increased by RMB 50/mt.
5. Electro-galvanized (EG) products:
Prices have risen by RMB 50/mt.
6. Galvalume:
Prices have increased by RMB 50/mt both for products from Baosteel's main steel production base and Baosteel's Shanghai-based subsidiary Meishan Steel
7. Color-coated steel products for the first quarter in 2014
Prices for color-coated steel products have increased by RMB 100/mt ($16/mt) from the average prices during November-December 2013.
8. Non-grain-oriented (NGO) electrical steel prices:
Prices have remained stable.
9. Grain-oriented (GO) electrical steel prices:
Prices are unchanged.
All the above price changes are effective from December 11 and exclude 17 percent VAT
$1 = RMB 6.13