Major Chinese steelmaker Baosteel has issued its prices for carbon steel flat products for delivery in March this year.
The producer has decided to raise its local base prices for hot rolled coil (HRC) by RMB 350/mt ($55/mt), while it has also increased its prices for steel plate by RMB 350/mt ($55/mt), and raised prices for acid pickling plate, cold rolled coil (CRC), hot dip galvanized (HDG), electro-galvanized products and pre-painted galvanized iron (PPGI) by RMB 300/mt ($47/mt). It has also increased prices for non-oriented silicon steel and oriented silicon steel by RMB 200/mt ($31.4/mt). All increases are for delivery in March.