WISCO issues flat steel prices for November shipment

Monday, 14 October 2013 12:24:54 (GMT+3)   |   Shanghai
       

On October 12, Chinese steelmaker Wuhan Iron and Steel Co. (WISCO) issued its steel sales prices for November shipment. The details are as follows (all comparisons being with October prices):

1. Hot rolled coil (HRC) and hot rolled sheet (HRS)
The prices of all hot rolled products have decreased by RMB 50/mt ($8/mt).
Accordingly, the prices of 3.0 mm x 1,250 mm SPHC grade HRC, 2.75 mm x 1,250 mm Q235 grade HRC and 5.5 mm x 1,500 mm Q235 grade HRC are respectively standing at RMB 3,820/mt ($622/mt), RMB 3,780/mt ($615/mt) and RMB 3,740/mt ($609/mt).
 
2. Rolled plate
The prices of all rolled plate have decreased by RMB 50/mt ($8/mt).
Accordingly, 14-40 mm Q235A and 14-40 mm Q345A grade plate prices are at RMB 3,650/mt ($594/mt) and RMB 3,760/mt ($612/mt) respectively.
 
3. Pickled and oiled
The prices of SPHC, SPHD and SPHE grade products have moved down by RMB 50/mt ($8/mt), while the prices of all other pickled and oiled products were unchanged.
 
4. Electro-galvanized
The prices of all CQ (commercial quality) grade electro-galvanized products have increased by RMB 50/mt ($8/mt), while the prices of all other pickled and oiled products have remained unchanged.
 
5. The prices of cold rolled products, hot dip galvanized (HDG), color-coated products, non-grain-oriented (NGO) silicon steel and grain-oriented (GO) silicon steel have remained unchanged.

As a result, the price of 1.0 mm Q195 grade cold rolled steel is currently standing at RMB 4,300/mt ($700/mt), while the price of 1.0 mm x 1,250 mm x CQ195 grade cold rolled steel is at RMB 4,270/mt ($695/mt).
 
All prices are ex-works, excluding 17 percent VAT, and are effectively immediately.
 
$1 = RMB 6.14


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