On April 22, Chinese steelmaker Hebei Iron and Steel Group announced new adjustments to its flat steel prices for May.
1. The producer's price of medium plate remains unchanged, with the new ex-works price of Q235 14-20 mm medium plate still standing at RMB 4,850/mt ($742.7/mt).
2. The price of hot rolled coil (HRC) is down by RMB 50/mt ($7.7/mt), with the ex-works price of Q235 5.5 mm HRC decreasing to RMB 4,800/mt ($735.1/mt).
3. The price of cold rolled coil (CRC) has been reduced by RMB 150/mt ($23/mt). As a result, the ex-works price of SPCC 1.0 mm CRC now stands at RMB 5,450/mt ($834.6/mt).
4. The price of cold rolled full hard coil has dropped by RMB 150/mt ($23/mt). As a result, the new ex-works price of SPCC 1.0 mm cold rolled full hard coil is RMB 5,150/mt ($788.7/mt).
5. The price of galvanized steel coil made from cold rolled remains unchanged. Thus, the ex-works price of SGCC 1.0 mm galvanized steel coil made from cold rolled is still at RMB 5,700/mt ($872.9/mt).
6. The price of galvanized steel coil made from hot rolled is also unchanged. Thus, the ex-works price of SGH340 3.0 mm galvanized steel coil made from hot rolled stays at RMB 5,770/mt ($883.6/mt).
7. Prices of pre-painted galvanized iron (PPGI) have been reduced by RMB 500/mt ($76.6/mt). Accordingly, the ex-mill price of CGCC 0.5 mm PPGI is RMB 6,450/mt ($987.7/mt).
8. Prices of pickled steel sheets are the same as in the previous price list. Accordingly, the ex-mill price of SPHC 3.0 mm pickled steel sheets remains at RMB 5,200/mt ($796.3/mt).
9. The price of galvalume has been cut by RMB 500/mt ($76.6/mt). As a result, the price of DC51D+AZ 1.0 mm galvalume is still RMB 6,600/mt ($1,010.7/mt).
All the above prices include tax, and will be effective from May 1.