On August 19, Liaoning Province-based Chinese steelmaker Angang announced its latest ex-factory prices for flat steel products for September. The details are as follows:
1. Hot rolled prices have remained the same as August levels. Thus, the price of 5.5 mm x 1,500 mm Q235 is still RMB 3,480/mt ($510/mt), while that of 5.5 mm x 1,500 mm SPHC is RMB 3,530/mt ($517/mt).
2. Cold rolled prices have increased by RMB 250-300/mt ($37-44/mt). As a result, the price of 1.0 mm ST12 cold rolled sheet is now at RMB 4,770/mt ($698/mt).
3. Prices of galvanized coils have moved up by RMB 150/mt ($22/mt). Thus, the new price of 1.0 mm x 1,000 mm ST01Z is at RMB 4,830/mt ($707/mt).
4. Medium plate prices have risen by RMB 300/mt ($44/mt). Thereby, the new ex-factory price of 20 mm Q235B is RMB 3,500/mt ($512/mt).
5. Shipbuilding plate prices are up by RMB 400-450/mt ($59-66/mt).
6. Silicon steel prices have jumped up by RMB 1,000-1,300/mt ($146-190/mt).
All the above prices exclude 17 percent VAT and are effective through August 19, 2009.
$1 = RMB 6.83