On August 10, major Chinese steelmaker Baosteel issued its prices for carbon steel flat products for delivery in September.
Accordingly, the producer has decided to raise its local base prices for hot rolled coil (HRC) by RMB 200/mt ($28/mt) and to increase its prices for cold rolled coil (CRC), hot rolled pickled products, hot dip galvanized (HDG) and electro-galvanized products by RMB 260/mt ($37/mt).
Prices for non-grain-oriented electrical steel and steel plate have increased by RMB 200/mt ($28/mt), while prices for grain-oriented electrical steel, section steel and pre-painted galvanized iron (PPGI) have risen by RMB 300/mt ($43/mt), RMB 260/mt ($37/mt) and RMB 400/mt ($57/mt), respectively, for September delivery, SteelOrbis has learned.
$1 = RMB 6.9649
