Chinese steelmaking giant Baosteel has issued its flat steel prices for shipment in the month of February. The details are as follows (comparisons being with prices for January):
1. Prices of hot rolled products produced by Baosteel's main production base and by its stainless steel department are up by RMB 100/mt ($15/mt).
2. Prices of pickled products produced by Baosteel's main production base and its stainless steel department have increased by RMB 100/mt ($15/mt).
3. Common carbon cold rolled products:
a. Products produced by Baosteel's main production base have increased by RMB 100/mt ($15/mt).
b. Prices of products from Baosteel subsidiary Meishan Steel are RMB 200/mt ($30/mt) lower compared to prices from Baosteel's main production base.
4. Hot dip galvanized
a. CQ, DQ, DDQ structural steel and pickled hot rolled basic hot dip galvanized from Baosteel's main production base are up by RMB 100/mt ($15/mt), while prices of other products have remained unchanged.
b. Prices of products produced by Meishan Steel are up by RMB 100/mt ($15/mt)
5. Prices of electric galvanized (EG) are unchanged.
6. Galvalume
a. Prices of products produced by Baosteel's main production base are up by RMB 100/mt ($15/mt), while prices of products with thickness ≥ 1.2 mm have risen by RMB 150/mt ($22/mt).
b. Prices of products produced by Meishan Steel are RMB 100/mt ($15/mt) lower than the prices from Baosteel's main production base .
7. Electrical Steel
a. Prices of non-grain-oriented (NGO) electrical steel have increased by RMB 100/mt ($15/mt), while prices of 0.35 mm products are up by RMB 200/mt ($30/mt)
b. Prices of grain-oriented (GO) electrical steel have gone up by RMB 300/mt ($45/mt)
8. Prices of heavy plate have risen by RMB 100/mt ($15/mt)
The above price adjustments are effective from January 11. The prices are on ex-works basis and do not include 17 percent VAT.
$1 = RMB 6.62