Major Chinese steelmaker Baosteel has issued its prices for carbon steel flat products for delivery in December.
The producer has decided to raise its local base prices for hot rolled coil (HRC) by RMB 100/mt ($15.2/mt), it has also increased its local base prices for steel plate, cold rolled coil (CRC), hot dip galvanized (HDG) and electro-galvanized products by RMB 100/mt ($15.2/mt), while it has kept its base prices stable for sections, hot rolled pickled products, and non-grain-oriented silicon and grain-oriented silicon steel for December, SteelOrbis has learned.
$1 = RMB 6.5897