Anhui Province-based Chinese steel producer Maanshan Steel and Iron Corporation Ltd. (Maanshan Steel) has issued its ex-mill price policy for flat steel products for December 2010 as follows:
1. The base price of hot rolled products has decreased by RMB 100/mt ($15/mt). As a result, the current list price of Q2355.5 mm x 1,800 x C HRC is RMB 3,830/mt ($577/mt).
2. The base price of cold rolled products has remained unchanged in general. Thus, the current list price of DC01 1.0 mm x 1,250 mm x C CRC is RMB 4,850/mt ($730/mt).
3. The base price of galvanized steel products has remained unchanged, with the current list price of DX51D+Z 1.0 mm x 1,250 mm x C galvanized coil now at RMB 4,860/mt ($732/mt).
4. The base price of coated products has increased by RMB 100/mt ($15/mt), with the current list price of TDX51D 0.5 mm x 1,200 mm x C color coated coil now at RMB 6,090/mt ($917/mt).
5. The base price of silicon steel has remained unchanged, with the current list price of M50W800 0.5 mm x 1,200 mm x C silicon steel coil now at RMB 7,380/mt ($1,111/mt).
All the above prices are exclude VAT and are effective from December 1, 2010.
US$1 = RMB 6.64