On July 16, Liaoning Province-based Chinese steelmaker Angang announced its latest ex-factory prices for flat steel products for August. The details are as follows:
1. Hot rolled prices are up RMB 500/mt ($73/mt). Thus, the new price of 5.5 mm x 1,500 mm Q235 is RMB 3,480/mt ($510/mt), while that of 5.5 mm x 1,500 mm SPHC is RMB 3,530/mt ($517/mt).
2. Cold rolled prices have increased RMB 500/mt ($73/mt). As a result, the price of 1.0 mm ST12 cold rolled sheet is now at RMB 4,520/mt ($662/mt).
3. Prices of galvanized coils have moved up by RMB 450/mt ($66/mt). Thus, the new price of 1.0 mm x 1,000 mm ST01Z is at RMB 4,680/mt ($685/mt).
4. Medium plate prices have risen RMB 240/mt ($35/mt).
All the above prices exclude 17 percent VAT and are effective from July 16, 2009.
$1 = RMB 6.83