Chinese steelmaker Wuhan Iron and Steel Co. (WISCO) has issued its steel product prices for November shipment. The prices are as follows (comparisons being with October prices):
1. Hot rolled (HR)
(1). The prices of SPHC, Q195, ordinary carbon, low carbon alloy and high carbon products with diameter up to 2.0 mm have fallen by RMB 180/mt ($28/mt);
(2). Prices of SPHC and Q195 product of other thicknesses have fallen by RMB 200 /mt ($31/mt), while the prices of ordinary carbon, high carbon and low carbon alloy shipbuilding plate have risen by RMB 260/mt ($40/mt). The prices of 3.0 mm x 1250 mm 8C SPHC HRC and 5.5 mm x 1,500 mm x C Q235 HRC currently stand at RMB 4,170/mt ($654) and RMB 4,410/mt ($ 645/mt) respectively. All above prices are ex-works.
(3). Other product prices remain unchanged.
2. Cold rolled (CR)
(1). The prices of ordinary carbon steel of grades Q195-215A, Q235A, Q275A, SPCC, DC01, WJD1, WJD2, SPCCT-EG, WMB1, WSB17C, WLS350-JD, WLS280-JD, SPCD-HS, and SPCE-HS have declined by RMB 150/mt ($23/mt), while other prices have remained unchanged. The price of 1.0 mm Q195 cold rolled steel is currently at RMB 4,720/mt ($740/mt), while the price of 1.0 mm x 1,250 mm x CQ195 cold rolled steel stands at RMB 4,700/mt ($737/mt), both ex-works.
3. Hot dip galvanized (HDG)
All product prices have fallen RMB 200/mt ($31/mt). Currently, 1.0 mm DX51D+Z galvanized coil stands at RMB 5,153/mt ($808/mt) ex-works.
4. Pre-painted galvanized iron (PPGI)
All prices have been reduced by RMB 200/mt ($31/mt). Currently, 0.45 mm TDC51D+Z PPGI is priced at RMB 6,475/mt ($1,016/mt) ex-works.
(1). The prices of products with thickness above 0.32 mm are down by RMB 100/mt ($15/mt), while products with thicknesses of up to 0.32 mm have fallen by RMB 200/mt ($31/mt). At present, 0.24 mm MR tinplate coil stands at RMB 6,301/mt ($989/mt), while 0.28 mm MR tinplate coil is priced at RMB 6,061/mt ($951/mt), both ex-works.
(2). The prices of products with 0.29 mm and 0.28 mm thickness are unchanged.
6. Wire rod (WR)
(1). 82Mn-QS products have risen in price by RMB 120/mt ($18/mt), while prices of welded steel and steel cord are unchanged.
(2). Prices of high carbon steel 35#~80#, cold heading steel and WSWRH82B have decreased by RMB 150/mt ($23/mt). Currently, 6.5 mm 45# high quality wire rod stands at RMB 4,350/mt ($682/mt), while 6.5 mm 22A cold heading is priced at RMB 4,420/mt ($693/mt), both ex-works.
(3). Other product prices have decreased by RMB 100/mt ($15/mt).
7. Non-grain-oriented (NGO) silicon steel
(1). The prices of medium number NGO silicon steel (including WHG-50) have fallen by RMB 500/mt ($78/mt), while prices of large number products are unchanged.
(2). The prices of small number NGO silicon steel products have fallen by RMB 400/mt ($62/mt).
All the above prices exclude 17 percent VAT and are effective as of October 17, 2011.
$1 = RMB 6.37
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