Wuhan Steel releases November prices

SteelOrbis Shanghai On October 7, Wuhan Steel announced its prices for November. The price details are listed here below: 1. Medium plate Prices increased RMB 200/mt ($25). Now the price of 14-25 mm common carbon medium plate is at RMB 3,510/mt ($444), while the price including tax is at RMB 4,106.7/mt ($520). 2. Hot rolled sheet Prices of common carbon HRC increased RMB 200/mt ($25). The price of Q235B 3.5 mm is now at RMB 3,510/mt ($444) while the price including tax is RMB 4,106.7/mt ($520). Prices of quality carbon steel and low alloy steel increased RMB 250/mt ($32). Prices of high-strength welded steel, weathering steel, SPHC, SS400, and SPHT1-SPHT3 increased RMB 300/mt ($38). 3. Cold rolled sheet Prices of common carbon steel (Q195, SPCC, DC01) decreased RMB 100/mt ($13). The new price of 1.0 mm Q195 is RMB 4,150/mt ($524) while the price including tax is RMB 4,843.8/mt ($613). 4. Prices of other products remained unchanged Galvanized coil and color coated coil products remained unchanged. According to the November price list, the price of 1.0mm JY150 galvanized coil is RMB 5,760/mt ($729) including 17 percent VAT, and that of 0.5 mm WLC color coated coil is RMB 7,371/mt ($933) including 17 percent VAT. The above prices, unless otherwise specified, exclude taxes and are as of October 8, 2006.