On November 17, Liaoning Province-based Chinese steel producer Bensteel announced upward adjustments to its ex-works flat steel prices for December production. The details are as follows:
1. HR
HR prices have increased by RMB 230/mt ($33/mt) from the price level for November production. Thus, the price of 2.75 mm Q235 is still at RMB 3,450/mt ($505/mt) while the price of 5.75 mm Q235 is at RMB 3,380/mt ($495/mt).
2. CR
CR prices have increased by RMB 320/mt ($46/mt) from the price level for November production. Accordingly, the new price of 1.0 mm DC01 is at RMB 4,360/mt ($639/mt).
3. HDG
HDG prices have risen by RMB 320/mt ($46/mt) from November levels. As a result, the price of 1.0 mm SGCC stands at RMB 4,460/mt ($653/mt).
4. PPGI
PPGI prices have gone up by RMB 300/mt ($43/mt) from November levels. Thus, the new price of 0.47 mm TDC51D is at RMB 5,750/mt ($843/mt).
The above prices, which are effective for bookings as of November 17, do not include 17 percent VAT.
US$1 = RMB 6.82