Baosteel is one of the major iron and steel company with the highest level of modernization in China. Baosteel is in the top position in the domestic industry and among the leading global iron and steel enterprises. China Baowu Group produced 63.8 MnT steel in CY16.
China’s major steel giant Baosteel have raised the HRC,Plate and CRC prices by RMB 100/MT (USD 15/MT),and HDGI prices by RMB 150-200/MT (USD 15-22/MT) in line with rising global prices in export market for Aug’17 deliveres.
As per market sources,the effective rates of HRC Q235 5.5mm in eastern China are assessed to RMB 4,332/MT equivalent to USD 636/MT.Whereas Q235,14-20mm plate prices are heard in the range of RMB 3,200/MT equivalent to (USD 470/MT). Prices are on Ex-work basis excluding VAT.
However,CRC SPCC 1.0mm prices are hovering in the range of RMB 4,536/MT (USD 666/MT).Prices are on Ex-work basis excluding VAT.
Whereas prices of 1.0mm HDG produced in Baoshan and Dongshan moved up and are assessed in the range of RMB 5,347-5,397/MT equivalent to (USD 786-793/MT). All prices are on Ex-work basis excluding VAT.
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