It’s reported that China’s Baosteel released September futures prices of carbon steel flat products for domestic market on August 12nd.

The company decided to remain the futures prices of hot rolled carbon steel unchanged for September, except that for structure which was up RMB60/ton.

Meanwhile, the futures prices of picked carbon steel and cold rolled carbon steel increased by RMB120/ton respectively; that of hot dipped galvanized steel surged by RMB150~RMB200/ton averagely.

The new prices will become effective after the price announcement.