1. Prices of hot rolled products has decreased RMB 200/mt ($30/mt) compared to November 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 3,710/mt ($559/mt) ex-mill, while the price of common carbon Q235 5.5 mm x 1,500 mm HRC is at RMB 3,620/mt ($545/mt) ex-mill.
2. Prices of cold rolled products has declined by RMB 150/mt ($23/mt). Thus, SPCC 1.0 mm x 1,250 mm cold rolled coil is still priced at RMB 4,490/mt ($676/mt) ex-mill.
3. The price of galvanized steel has decreased by RMB 100/mt ($15/mt). Accordingly, the ex-mill price of ST01Z 1.0 galvanized has remained at RMB 4,900/mt ($738/mt).
4. The ex-mill prices of coated products has been lowered by RMB 100/mt ($15/mt). Thus, the ex-mill price of TDX51D+Z 0.5 mm coated steel still stands at RMB 6,000/mt ($904/mt).
5. However, plate prices has increased by RMB 50/mt ($7.5/mt). Accordingly, Q235A 20 mm medium plate is priced at RMB 3,900/mt ($587/mt) ex-mill, while Q235A 20 mm heavy plate is priced at RMB 3,900/mt ($587/mt) ex-mill. Meanwhile, the price of CCSA 20 mm shipbuilding plate has increased to RMB 4,270/mt ($743/mt) ex-mill, up RMB 50/mt ($8.7/mt) as compared to November levels.
6. Electrical steel: ex-mill prices of 50AW 1000 and 50AW 1300 have risen by RMB 100-200/mt ($15-30/mt) for December, while prices of other electrical steel products have remained unchanged as compared to the previous month. 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/mt).
All the above prices exclude 17 percent VAT and are effective from December 1, 2010.