The prices of carbon steel flat rolled products produced by major Chinese steelmaker Baosteel for January shipment are as follows (comparisons are with December prices):
1. Hot rolled coil (HRC)
Prices of low carbon/ultra-low carbon steel and common cold forming steel are up by RMB 260/mt ($39/mt), while prices for other products are up by RMB 100/mt ($15/mt).
2. Cold rolled (CR) products
1) Products from Baosteel's main production base;
a) CQ steel and non-automotive steel: CQ steel is up by RMB 200/mt. ($30/mt), while prices of other products are up by RMB 300/mt ($45/mt).
b) Prices of welding wire and pipe products are unchanged.
2) Stainless steel division products: prices are RMB 100/mt ($15/mt) lower than prices of products from Baosteel's main production base.
3) Prices of cold rolled products from Baosteel Group Shanghai Meishan Co., Ltd are RMB 200/mt ($30/mt) lower than the prices of CR products from Baosteel's main production base.
3. HDG
1) Prices of CQ grade, S series structural steel and hot rolled pickled galvanized are up by RMB 200/mt ($30/mt), while other HDG products have risen by RMB 300/mt ($45/mt).
2) HDG products from Baosteel Group Shanghai Meishan Co., Ltd are all up by RMB 200/mt ($30/mt).
4. Electric-galvanized (EG) steel: prices remain unchanged.
5. Galvalume prices are all up by RMB 150/mt ($22/mt). Product prices from Baosteel Group Shanghai Meishan Co., Ltd are RMB 100/mt ($15/mt) lower than prices of galvalume from Baosteel's main steel production base.
6. Color coated: prices of CCLI TDC51D+AZ are up by RMB 250/mt ($37/mt), while other products are up by RMB 150/mt ($22/mt).
7. Electrical Steel
1) Non-grain-oriented electrical steel coils are up by RMB 150/mt ($22/mt).
2) Grain-oriented electrical steel coils remain unchanged in price.
8. Heavy plate: all prices are up by RMB 150/mt ($22/mt).
All the above prices are effective from December 13 and include VAT.
US$1 = RMB6.66