In Shanghai, Angang Steel’s CGI with 1.0mm thickness is quoted at CNY 6,900 to CNY 6,950 per tonne, increased by CNY 350 per tonne as compared to that of April 30th 2008. Moreover, the GI price is expected to increase further to CNY 7,200 to CNY 7,300 per tonne.
In the meantime, as China’s GI exports continued growing, the GI export price is expected to rise. The difference in GI export price is quite big up to USD 50 to USD 60 per tonne between superior suppliers and inferior ones.