According to Erdemir's new price list, the prices of plates have increased by $150/mt, galvanized product prices have risen by $100/mt, hot rolled product prices have gone up by $80/mt, while the prices of cold rolled products have been increased by $70/mt. On the other hand, the price of tin coil/sheet has increased by $20/mt. Meanwhile, certain grade extras for tin and chromium coated products have been raised by $10/mt.
The new base prices effective for local sales as of February 29, 2008, are as follows:
Product |
Base Price |
HR KRKK, LR, LRKK products |
$940/mt |
Other HR products |
$940/mt |
$1,025/mt |
|
CR annealed |
$960/mt |
CR Full Hard |
$945/mt |
$1,070/mt |
|
Tin coil |
$1,035/mt |
Tin sheet |
$1,060/mt |
As predicted in yesterday's flats analysis, Erdemir on Friday evening announced a price hike.