On October 18, Chinese steel producer Anshan Steel and Iron Group issued its new prices for November delivery as follows:
1. Prices of hot rolled products are unchanged compared to October delivery prices. As a result, the price of low carbon SPHC 3.1 mm x 1,000-1,199 mm hot rolled coil (HRC) stands at RMB 3,910/mt ($588.9/mt) ex-mill, while the price of common carbon Q235 5.5 mm x 1,500 mm HRC is at RMB 3,820/mt ($575.3/mt) ex-mill.
2. Prices of cold rolled products are also unchanged. Thus, SPCC 1.0 mm x 1,250 mm cold rolled coil is still priced at RMB 4,640/mt ($698.8/mt) ex-mill.
3. The price of galvanized steel is unchanged. Accordingly, the ex-mill price of ST01Z 1.0 galvanized has remained at RMB 5,000/mt ($753/mt).
4. The ex-mill prices of coated products are unchanged. Thus, the ex-mill price of TDX51D+Z 0.5 mm coated steel still stands at RMB 6,100/mt ($918.7/mt).
5. Plate prices are unchanged. Accordingly, Q235A 20 mm medium plate is priced at RMB 3,850/mt ($579.8/mt) ex-mill, while Q235A 20 mm heavy plate is priced at RMB 3,850/mt ($579.8/mt) ex-mill.
6. Electrical steel: ex-mill prices of 50AW 1000 and 50AW 1300 have risen by RMB 170/mt ($25.6/mt) for November, the prices of 50AW 350 and 50AW 400 have increased by RMB 450/mt ($67.8/mt), the prices of 50AW 330 are up by RMB 300/mt ($45.2/mt), while the prices of other products are up by RMB 250/mt ($37.7/mt). The current ex-mill price of 50AW 800 0.5 mm x 1,000 mm x C is standing at RMB 7,300/mt ($1,099.4/mt).
All the above prices exclude 17 percent VAT and are effective from October 11, 2010.