On November 22, Liaoning Province-based Chinese steelmaker Benxi Iron and Steel Group released its new price list for flat steel products for December. The details are as follows:
1. Base prices of hot rolled coil products have remained unchanged compared to November levels. As a result, the ex-works price of Q235 3.0 mm x 1,500 mm x C HRC is still at RMB 3,900/mt ($588/mt), while the price of Q235 5.5 mm x 1,500 mm HRC still stands at RMB 3,830/mt ($578/mt) ex-mill.
2. Base prices of cold rolled coil products have been reduced by RMB 150/mt ($23/mt) for December. Thus, the ex-mill price of DC01 1.0 mm x 1,250 mm CRC is RMB 4,360/mt ($658/mt), while the new price of SPCC 1.0 mm x 1,250 mm x C CRC stands at RMB 4,520/mt ($682/mt) ex-mill.
3. Base prices of pickled coils are down by RMB 100/mt ($15/mt). For December, SPHC 3.0 mm pickled coils are priced at RMB 4,170/mt ($629/mt).
4. Prices of hot dip galvanized steels have been reduced by RMB 100/mt ($15/mt) for December. Accordingly, the ex-mill price of St01Z 1.0 mm x 1,250 mm galvanized plate with no spangles stands at RMB 4,650/mt ($701/mt).
5. The price of pre-painted galvanized iron (PPGI) products is now RMB 100/mt ($15/mt) lower than in November. Thus, the ex-works price of TSt01 0.476 mm PPGI stands at RMB 6,300/mt ($950/mt).
All prices exclude VAT and are effective as of December 1, 2010.