On September 17, Liaoning Province-based Chinese steel producer Bensteel announced downward adjustments to its ex-works flat steel prices for October production. The details are as follows:
1. HR
HR prices have decreased by RMB 360/mt ($55/mt) from the price level for September production. Thus, the price of 2.75 mm Q235 is at RMB 3,400/mt ($498/mt) while the price of 5.75 mm Q235 is at RMB 3,330/mt ($488/mt).
2. CR
CR prices have decreased by RMB 300/mt ($43/mt) from the price level for September production. Accordingly, the new price of 1.0 mm DC01 is at RMB 4,440/mt ($651/mt).
3. HDG
HDG prices have decreased by RMB 300/mt ($43/mt) from September levels. As a result, the price of 1.0 mm SGCC stands at RMB 4,590/mt ($672/mt).
4. PPGI
PPGI prices have increased by RMB 300/mt ($43/mt) from September levels. Thus, the new price of 0.47 mm TDC51D is at RMB 5,650/mt ($828/mt).
The above prices, which are effective for bookings as of September 17, do not include 17 percent VAT.
US$1 = RMB 6.82