Baosteel keeps most flat steel prices stable for May, offers discounts

Major Chinese steelmaker Baosteel has issued its prices for carbon steel flat products for delivery in May. The details are as follows (comparisons are with April delivery prices):
 
1.     Hot rolled coil (HRC):
1) Prices of HRC produced by Baosteel's main steel production base remain stable.
2) Discounts of $4/mt are available for orders placed before April 24.
 
2.     Hot rolled pickled products:
1) Prices of products from the main steel base remain stable.
2) Products from Baosteel Group's Shanghai-based subsidiary Meishan Steel remain stable.
3) Discounts of $4/mt are available for orders placed before April 23.
 
3.  Cold rolled (CR) products:
1) Prices of products from the main steel base remain stable.
2) Products from Meishan Steel are $8/mt lower in price than products from the main steel base.
3) Discounts of $4/mt are available for orders placed before April 22.
 
4.  Hot dip galvanized (HDG):
Prices of products from the main steel base and Meishan Steel remain stable. 
 
5.  Electro-galvanized (EG) products:
1) Prices of products from the main steel base and Meishan Steel remain stable.
2) Discounts of $9/mt are available for orders placed before April 10, with discounts of $4/mt available for orders placed before April 22.     
 
6.  Galvalume:
1) Prices of products from the main steel base and Meishan Steel remain stable.
2) Discounts of $4/mt are available for orders placed before April 22.
 
7. Coated products:
1) Prices of products in May-June from the main steel base and Meishan Steel are unchanged from prices for March-April.
2) Discounts of $9/mt are available for orders placed before April 15, while discounts of $4/mt are available for orders placed during April 16-22.
 
8.  Non-grain-oriented (NGO) electrical steel prices
1) Prices of B50A (H) 540 grades are up by $11/mt, while other prices are unchanged.
 
9. Grain-oriented (GO) electrical steel prices
Prices of grain-oriented (GO) electrical steel are down by $48/mt.
 
All the above price changes are effective from April 10 and exclude 17 percent VAT
 
$1 = RMB 6.25