On July 10, major Chinese steelmaker Baosteel issued its prices for carbon steel flat products for delivery in August.
The producer has decided to raise its local base prices for hot rolled coil (HRC), cold rolled coil (CRC), hot rolled pickled products, hot dip galvanized (HDG), electro-galvanized products, non-grain-oriented electrical steel and steel plate by RMB 100/mt ($14/mt), while it has increased its prices for grain-oriented electrical steel and section steel respectively by RMB 200/mt ($28/mt) and RMB 60/mt ($8.6/mt) for August, SteelOrbis has learned.
$1 = RMB 6.9965
