Angang issues ex-factory prices for April

Thursday, 06 March 2008 17:29:28 (GMT+3)   |  
       

SteelOrbis Shanghai

On March 5, Liaoning Province-based Anshan Iron & Steel Corporation (Angang) released its ex-factory prices for April. The details are as follows:

I. HRC

Prices have increased RMB 700-750/mt ($98-105/mt) from March levels. Thus, the new price of 5.5 mm x 1,500 mm x C Q235 is RMB 4,670/mt ($657/mt).

II. CRC

Prices have risen RMB 400-1,100/mt ($56-155/mt). As a result, the ex-factory price of 1.0 mm St12 is RMB 5,370/mt ($755/mt).

III. Full Hard coils

Base prices are up by RMB 700/mt ($98/mt) from March levels.

IV. HDG

Base prices have increased by RMB 700-800/mt ($98-113/mt). Following the adjustment, the price of 1.0 mm St01Z is RMB 5,550/mt ($781/mt).

V. Color coated

Base prices have seen an increase of RMB 700/mt ($98/mt). Now, the price of 0.5 mm x 1,000 mm x C is RMB 6,650/mt ($935/mt).

VI. Cold rolled electrical steel

Base prices are up RMB 500-650/mt ($71-91/mt).

VII. Medium plate

Prices have risen by RMB 600-800/mt ($84-113/mt) from March levels. Thus, the new price of 16-20 mm Q235 is RMB 5,210/mt ($733/mt).

VIII. Heavy plate

Prices have increased by RMB 800-1,000/mt ($113-141/mt).

IX. Profiles

Base prices are up by RMB 1,500/mt ($211/mt).

X. Wire rod

Base prices have increased by RMB 500-1,000/mt ($70-141/mt).

XI. Seamless pipe

Prices have risen by RMB 300-600/mt ($42-84/mt).

XII. The current price levels are still in effect for the other products.

The above prices exclude 17 percent VAT and are effective as of March 5, 2008.

$1 = RMB 7.11


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