China's Shanghai Baoshan Iron and Steel Co. Ltd (600019.SH) announced on late Monday a cut of prices of main steel products for October bookings by 100-200 yuan/metric ton (tonne), compared to those for September bookings.
The following table shows price adjustment of Baosteel's steel products for October bookings.
Item |
Price adjustment (yuan/tonne) |
Hot-rolled steels for automobiles in Meishan Steel Company |
Down 100 |
Pickling steels in directly controlled plants |
Down 200 |
Steels produced in Meishan Steel Company |
Down 100 |
Hot galvanizing steels |
Down 200 |
Electro-galvanizing steels |
Down 100 |
High-strength steels |
Down 200 |
Aluminum and zinc plating steels |
Down 100 |
Color-coated steels |
Down 200 |
If buyers place orders for above products in advance, it will offer a discount of between 60 yuan and 200 yuan, said Baosteel.
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