SteelOrbis Shanghai
On February 20, 2008, Liaoning Province-based Benxi Steel issued its flats ex-factory prices for March 2008. The details are as follows:
HR coils:
The ex-factory price has increased RMB 200/mt ($28/mt). Thus the new price of Q235 3.0 mm thick HRC is at RMB 4,400/mt ($616/mt), while that of Q235 5.5 mm x 1,500 mm HRC is at RMB 4,150/mt ($581/mt).
CR coils:
The ex-factory price has risen RMB 250/mt ($35/mt). As a result, the new price of Q195 1.0 mm x 1,250 mm box sheet is at RMB 5,070/mt ($710/mt), while that of 1.0 mm thick CRC is at RMB 5,000/mt ($700/mt).
HDG coils:
The ex-factory price has increased RMB 200-300/mt ($28-42/mt). Following the adjustment, the new price of ST01Z 1.0 mm x 1,250 mm HDG is at RMB 5,150/mt ($721/mt).
Color coated coils:
The ex-factory price has gone up RMB 200/mt ($28/mt). Thus the new price of TDC51D 0.47 mm x 1,250 mm color coated coils stands at RMB 6,300/mt ($882/mt).
Full Hard:
The ex-factory price has increased RMB 250/mt ($35/mt).
All the above prices exclude tax and are effective as of February 20, 2008.
$1 = RMB 7.14