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Baosteel cuts prices for Oct. booking by RMB100-200/t late Mon.

BEIJING
2015-09-15 11:02

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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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