On October 21, Liaoning Province-based Chinese steel producer Bensteel announced downward adjustments to its ex-works flat steel prices for November production. The details are as follows:
1. HR
HR prices have decreased by RMB 180/mt ($26/mt) from the price level for October production. Thus, the price of 2.75 mm Q235 is at RMB 3,220/mt ($472/mt) while the price of 5.75 mm Q235 is at RMB 3,150/mt ($461/mt).
2. CR
CR prices have decreased by RMB 400/mt ($58/mt) from the price level for October production. Accordingly, the new price of 1.0 mm DC01 is at RMB 4,040/mt ($592/mt).
3. HDG
HDG prices have decreased by RMB 450/mt ($65/mt) from October levels. As a result, the price of 1.0 mm SGCC stands at RMB 4,140/mt ($607/mt).
4. PPGI
PPGI prices have increased by RMB 200/mt ($29/mt) from October levels. Thus, the new price of 0.47 mm TDC51D is at RMB 5,450/mt ($799/mt).
The above prices, which are effective for bookings as of October 21, do not include 17 percent VAT.
US$1 = RMB 6.82