On December 22, major Chinese steelmaker Hebei Iron and Steel Group (Hesteel) adjusted its prices for carbon steel flat products for delivery in January, following its previous price adjustment issued on December 15.
The producer has decided to raise its local base prices for hot rolled coil (HRC) by RMB 600/mt ($91.5/mt) to RMB 6,550/mt ($999/mt), increasing its local base prices for steel plate, pickled products, SPCC, hot dip galvanized (HDG), cold base galvanized and cold rolled coil (CRC) by RMB 700/mt ($106.8/mt), RMB 600/mt ($91.5/mt), RMB 800/mt ($122/mt), RMB 600/mt ($91.5/mt), RMB 600/mt ($91.5/mt) and RMB 800/mt ($122/mt), respectively, to RMB 6,500/mt ($991/mt), RMB 7,550/mt ($1,152/mt), RMB 7,100/mt ($1,083/mt), RMB 7,550/mt ($1,152/mt), RMB 7,530/mt ($1,149/mt) and RMB 7,750/mt ($1,182/mt), while it has kept its local base prices for pre-painted galvanized iron (PPGI) stable for January at RMB 9,300/mt ($1,419/mt), SteelOrbis has learned.
Previously on December 15, major Chinese steelmaker Baosteel had raised its local base prices for hot rolled coil (HRC) by RMB 500/mt ($76.5/mt).
Prices include 13 percent VAT.
$1 = RMB 6.5558