On June 23, Chinese steelmaker Hebei Iron and Steel Group announced downward adjustments in prices for its flat steel products for the month of July. The details, with decreases compared to June levels, are as follows:
1. The medium plate price has decreased by RMB 450/mt ($66/mt). As a result, the producer's new price for Q235 14-20 mm medium plate is RMB 4,250/mt ($624/mt).
2. The shipbuilding plate price has decreased by RMB 450/mt ($66/mt). As a result, the producer's new price for CCSA 14-20 mm shipbuilding plate is RMB 4,700/mt ($690/mt).
3. HRC prices have decreased by RMB 350/mt ($51/mt), with Q235 5.5 mm HRC now costing RMB 4,300/mt ($631/mt).
4. CRC prices are down by RMB 450/mt ($66/mt), with the price of SPCC 1.0 mm CRC ex-mill decreasing to RMB 5,200/mt ($764/mt).
5. Full hard coil prices have declined by RMB 450/mt ($66/mt). Thus, the new SPCC 1.0 mm full hard coil price is RMB 4,550/mt ($668/mt).
6. Cold galvanized coil prices have decreased by RMB 400/mt ($59/mt), with the new price of SGCC 1.0 mm cold galvanized coil at RMB 5,150/mt ($756/mt).
7. Hot dip galvanized coil prices have decreased by RMB 400/mt ($59/mt). Thus, the new price of SGH340 3.0 mm hot dip galvanized coil is RMB 5,000/mt ($734/mt).
8. Pre-painted steel prices have dropped by RMB 400/mt ($59/mt), with the new price of CGCC 0.5 mm pre-painted steel at RMB 6,150/mt ($903/mt).
9. Pickling sheet prices have dropped by RMB 400/mt ($59/mt), with the new price of SPHC 3.0 mm picking sheet at RMB 4,750/mt ($698/mt).
All the above prices are ex-mill, include 17 percent VAT and are effective as of July 1, 2010.
$1 = RMB 6.81