WISCO issues its flat steel prices for June shipment

Tuesday, 14 May 2013 17:44:34 (GMT+3)   |   Shanghai
       

On May 13, Chinese steelmaker Wuhan Iron and Steel Co. (WISCO) issued its steel sales prices for June shipment. The details are as follows (all comparisons being with May prices):

1. Hot rolled (HR)
The prices of all hot rolled products have declined by RMB 180/mt ($29/mt). As a result, the prices of 3.0 mm x 1,250 mm SPHC grade hot rolled coil (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 3,790/mt ($611/mt), RMB 3,750/mt ($604/mt) and RMB 3,710/mt ($598/mt).

2. Pickled and oiled
The prices of all pickled and oiled products have declined by RMB 100/mt ($16/mt).

3. Cold rolled (CR)
The prices of deep-drawing high-strength cold rolled steel and low carbon cold rolled steel have decreased by RMB 100/mt ($16/mt), while the prices of other products have decreased by RMB 150/mt ($24/mt). As a result, the price of 1.0 mm Q195 grade cold rolled steel is currently standing at RMB 4,270/mt ($688/mt), while the price of 1.0 mm x 1,250 mm x CQ195 grade cold rolled steel is standing at RMB 4,270/mt ($688/mt).

4. Electro-galvanized
The prices of all electro-galvanized products have decreased by RMB 100/mt ($16/mt).

5. Tinplate
The prices of all tinplate products have decreased by RMB 200/mt ($32/mt).

6. Color-coated
The prices of all color coated products have declined by RMB 200/mt ($32/mt).

7. Non-grain-oriented (NGO) silicon steel
Silicon steel division: the prices of low grade NGO silicon steel products have decreased by RMB 150/mt ($24/mt). Accordingly, the price of 0.5 mm 50ww600 NGO silicon steel is at RMB 5,520/mt ($890/mt), while the price of 0.5 mm 50ww800 NGO silicon steel stands at RMB 5,450/mt ($879/mt).

Cold rolled steel mill: NGO silicon steel products are offered at a discount of RMB 200/mt ($32/mt) on the prices of products produced by the silicon steel division.

All the above prices are ex-works, exclude 17 percent VAT, and are effectively immediately.

$1 = RMB 6.20


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