On February 10, major Chinese steelmaker Baosteel issued its prices for carbon steel flat products for delivery in March. The group has decided to hold its local base prices for hot rolled coil (HRC), steel plate, sections, hot rolled pickled products, cold rolled coil (CRC), hot dip galvanized (HDG), electro-galvanized products, pre-painted galvanized iron (PPGI) and non-grain-oriented and grain-oriented electrical steel stable for March, SteelOrbis has learned.
Last month, the group had decided to raise its local base prices for hot rolled coil (HRC), hot rolled pickled products, cold rolled coil (CRC), and non-grain-oriented electrical steel by RMB 30/mt ($4.3/mt), RMB 50/mt ($7.2/mt), RMB 100/mt ($14.3/mt) and RMB 50-200/mt ($7.2-28.6/mt) respectively, while it had kept its base prices stable for steel plate, hot dip galvanized (HDG), electro-galvanized products and grain-oriented electrical steel.
$1 = RMB 6.9897
