On October 20, Liaoning Province-based Chinese steelmaker Benxi Iron and Steel Group released its new price list for flat steel products for November, keeping its prices unchanged as compared to October levels. The details are as follows:
1. Base prices of hot rolled coil products have remained unchanged compared to October levels. As a result, the ex-works price of Q235 3.0 mm x 1,500 mm x C HRC is RMB 3,900/mt ($585/mt), while the price of Q235 5.5 mm x 1,500 mm HRC still stands at RMB 3,830/mt ($574/mt) ex-mill.
2. Base prices of cold rolled coil products have also remained the same as for October. Thus, the ex-mill price of DC01 1.0 mm x 1,250 mm CRC is RMB 4,510/mt ($678/mt), while the SPCC 1.0 mm x 1,250 mm x C CRC price still remains at RMB 4,670/mt ($702/mt) ex-mill.
3. No change has been made to prices of cold hard coil prices. The price of DC01 1.0 mm x 1,250 mm x C cold hard coil is still RMB 4,210/mt ($633/mt) ex-mill.
4. Base prices of pickled coils are the same as for October. For November, SPHC 3.0 mm pickled coils are still priced at RMB 4,270/mt ($640/mt).
5. Prices of hot dip galvanized steels have been kept stable for November. Accordingly, the ex-mill price of St01Z 1.0 mm x 1,250 mm galvanized plate with no spangles still stands at RMB 4,750/mt ($712/mt), while the listed price of DC51D+Z 1.0 mm x 1,250 mm galvanized plate with no spangles is RMB 4,850/mt ($727/mt).
6. The price of pre-painted galvanized steel products (PPGI) remains unchanged. Thus, the ex-works price of TSt01 0.476 mm PPGI still stands at RMB 6,400/mt ($960/mt).
All prices exclude VAT and are effective as of November 1, 2010.