On December 23, 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 January bookings. The details are as follows (comparisons being with December prices).
1. Prices of medium plate are up by RMB 150/mt ($23/mt), with the prices of Q235 14-20 mm medium plate thus rising to RMB 4,700/mt ($709/mt).
2. Prices of hot rolled coils have also increased by RMB 150/mt ($23/mt), with prices of Q235 5.5 mm HRC moving up to RMB 4,550/mt ($686/mt).
3. Prices of cold rolled coils are up by RMB 200/mt ($30/mt). As a result, prices of SPCC 1.0 mm CRC have risen to RMB 5,400/mt ($813/mt).
4. Prices of cold rolled full hard coils are also up by RMB 200/mt ($30/mt) compared with the previous month, with prices of SPCC 1.0 mm full hard CRC now at RMB 4,850/mt ($732/mt).
5. Prices of electro-galvanized (EG) are also up by RMB 200/mt ($30/mt). Thus, prices of SGCC 1.0 mm EG products have increased to RMB 5,500/mt ($830/mt).
All the above prices are ex-works, include tax, and will be effective from January 1, 2011.