On December 20, Chinese steel producer Anshan Steel and Iron Group issued its new flat steel prices for January delivery as follows:
1. Prices of hot rolled products have risen by RMB 150/mt ($22/mt) compared to December 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 ($587/mt) ex-mill, while the price of common carbon Q235 5.5 mm x 1,500 mm HRC is at RMB 3,770/mt ($545/mt) ex-mill.
2. Prices of cold rolled products have increased by RMB 200/mt ($30/mt). Thus, SPCC 1.0 mm x 1,250 mm cold rolled coil is now priced at RMB 4,690/mt ($704/mt) ex-mill.
3. The price of galvanized steel has been raised by RMB 250/mt ($37/mt). Accordingly, the ex-mill price of ST01Z 1.0 galvanized has increased to RMB 5,050/mt ($758/mt).
4. The ex-mill prices of coated products have been raised by RMB 150/mt ($22/mt). Thus, the ex-mill price of TDX51D+Z 0.5 mm coated steel is now at RMB 6,150/mt ($923/mt).
5. Plate prices have increased by RMB 200/mt ($30/mt). Accordingly, Q235A 20 mm plate is now priced at RMB 4,100/mt ($615/mt) ex-mill.
6. Electrical steel: ex-mill prices of 50AW 470 and 35AW 300 have risen by RMB 100/mt ($15/mt) and RMB 150/mt ($22/mt) respectively for January. Thus, the new ex-mill price of 50AW 800 0.5 mm x 1,000 mm x C is RMB 7,400/mt ($1,111/mt).
All the above prices exclude 17 percent VAT and are effective from January 1, 2011.