Wuhan Steel decreases prices for November
Chinas Wuhan Steel announced an ex-works price decrease for its November deliveries effective from October 10, 2005.
Based on its October prices, HR prices (apart from intensified welding steel and boiler
plate) of the company dropped by RMB 400/ton ($49) to RMB 3170/ton ($392) for 2.75 mm Q235 and to RMB 3020/ton ($373) for 5.5 mm Q235.
Prices for sheet products, carbon structural steel, carbon quality steel,
shipbuilding plate and low alloy steel slid by RMB 450/ton ($56);
construction angle steel by RMB 350/ton ($43); girder steel (excluding 14MnNbq) by RMB 350/ton ($43). The new price of 8 mm and thicker Q235 is RMB 3430/ton ($424), while 14 mm and thicker Q235 is RMB 3130/ton ($387).
Cold rolled prices fell by RMB 450/ton ($56) to RMB 4590/ton ($568) for 1.0 mm Q195 and to RMB 4540/ton ($561) for 1.0 mm Q195.
The price of
galvanized products thinner than 0.7 mm is down RMB 300/ton ($37), while thicker varieties are down RMB 200/ton ($25). The new price of 1.0 mm WLZn [150g/m2](JY) is RMB 4833/ton ($598).
The price of 0.35 mm and thicker color
coated coil dropped RMB 200/ton ($25). The new price of 1.0 mm WLC (2/2) is RMB 5567/ton ($688).
Tin products prices fell by RMB 200/ton ($25) to RMB 7527/ton ($931) for 0.22 mm E2.8/2.8.
Non-oriented silicon steel prices fell RMB 500/ton ($62) to 5732/ton ($709) for 50WW600. Prices of other specifications decreased RMB 300/ton ($37).
Regarding
wire rods, the price of WSWRH82B is down RMB 150/ton ($19), bringing the new 6.5 mm WSWRH82B
wire rod price to RMB 3180/ton ($393).
All of the abovementioned prices exclude taxes.
For other products, November prices remain at the level of Octobers base prices.