On October 26, major Chinese steelmaker Hebei Iron and Steel Group (including subsidiaries Tangshan Steel, Handan Steel, Chengde Steel, Xuanhua Steel and Wuyang Steel) announced its flat steel price list for November bookings. The details are as follows (comparisons being with October prices).
1. Prices of medium plate are down by RMB 100/mt, with the current ex-work prices of Q23514-20 mm medium plate thus standing at RMB 4,400/mt ($660/mt).
2. Prices of hot rolled coils have remained at previous levels, with ex-work prices of Q235 5.5 mm HRC still at RMB 4,400/mt ($660/mt).
3. Prices of cold rolled coils are also unchanged. As a result, the ex-work prices of SPCC 1.0 mm CRC have remained at RMB 5,300/mt ($795/mt).
4. Prices of cold rolled full hard coils are unchanged compared with the previous month, with ex-work prices of SPCC 1.0 mm full hard CRC still at RMB 4,750/mt ($712/mt).
5. Prices of electro-galvanized (EG) are unchanged. Thus, ex-work prices of SGCC 1.0 mm EG products have remained at RMB 5,400/mt ($810/mt).
All above prices include tax, and will be effective from November 1.