September 07, 2008
Baosteel revises down Q4 prices
Top Chinese steelmaker Baosteel announced this afternoon its price change details for Q4 2007 productions, with prices of major steel varieties slightly revised downward.
All price changes listed below are exclusive of 17% VAT and will come into force as of the date of issuance ie Aug 20th 2007.
| Sl | Item | Change | Refrence |
| 1 | HRC | Down by 200 | Q3 levels |
| 2 | HRPO | Down by 300 | Q3 levels |
| HRPO- SAPH & DDO | Down by 500 | Q3 levels | |
| 3 | CRCA | Down by 400 | Q3 levels |
| CRCA- CQ, DQ & DDQ | Down by 500 | Q3 levels | |
| 4 | CRFH | None | September levels |
| 5 | HDG | Down by 200 | Q3 levels |
| 6 | Galvlume | None | Q3 levels |
| 7 | EG | Down by 300 | Q3 levels |
| 8 | Color coated | None | September levels |
| 9 | Thick plates | None | Q3 levels |
| 10 | Silicon steel | Up by 100 | Q3 levels |
| 11 | ETP | Up by 100 | Q3 levels |
Conisdering the USD to CNY conversion rate of 1:7.587, the announced changes in USD per tonne amount to the following
| Sl | Item | USD |
| 1 | HRC | -26 |
| 2 | HRPO | -40 |
| HRPO- SAPH & DDO | -66 | |
| 3 | CRCA | -53 |
| CRCA- CQ, DQ & DDQ | -66 | |
| 5 | HDG | -26 |
| 7 | EG | -40 |
| 10 | Silicon steel | +13 |
| 11 | ETP | +13 |
No change is announced for following items
| 1 | CRFH |
| 2 | Galvlume |
| 3 | Color coated |
| 4 | Thick plates |
(Sourced from MySteel.net)
