On March 10, major Chinese steelmaker Baosteel issued its prices for carbon steel flat products for delivery in April. The group has decided to keep its local base prices for steel plate, sections and grain-oriented electrical steel stable for April, while it has cut its local base prices for hot rolled coil (HRC) by RMB 50/mt ($7/mt), while reducing its local base prices for hot rolled pickled products, cold rolled coil (CRC), hot dip galvanized (HDG) and electro-galvanized products by RMB 100/mt ($14/mt) for April, SteelOrbis has learned.
Last month, the group had kept its local base prices stable for hot rolled coil (HRC), steel plate, sections, hot rolled pickled products, cold rolled coil (CRC), hot dip galvanized (HDG), electro-galvanized products, pre-painted galvanized iron (PPGI) and non-grain-oriented and grain-oriented electrical steel.
$1 = RMB 6.9612
