China: Baosteel Keeps Flat Steel Price Stable for June Deliveries
China’s major steelmaker Baosteel recently announced flat steel prices for June deliveries. The company has rolled over its flat steel prices for second consecutive month.
Last month, the company’s effective rates for HRC (SS400 5.5mm*1500*C) were hovering at RMB 5,001.92/MT (USD 733/MT). All prices mentioned above are inclusive of taxes.
Meanwhile prices for CRC (SPCC 1.0mm *1250*C) are at 5725.76/MT (USD 839/MT). Prices mentioned above are inclusive of taxes.
The company’s HDGI and plate prices also remain unchanged for June deliveries.
Previously, company had kept its HRC, CRC prices unchanged and increased plate prices by RMB 80/MT for May deliveries.
Chinese HRC prices in domestic market- In the mid of the May’19 domestic HRC prices is hovering around RMB 3,970-3,980/MT (eastern China) which was RMB 3,830-3,850/MT (eastern China) in mid Apr’19. HRC prices in China showed upside trend amid strong demand prevailing in nation’s domestic market.
source: SteelMint
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