Jiangsu Province-based Chinese steelmaker Shagang Group has announced the latest adjustment in its ex-mill prices for flat steel products, effective for March. The details are as follows (comparisons being with the listed prices issued on February 1):
1. Hot rolled coil (HRC):
Prices of Q235 HRC have been hiked by RMB 20/mt ($3/mt), while SPHC HRC prices have remained unchanged. Thus, the new price of 5.5 mm x 1,500 mm Q235 HRC is RMB 4,320/mt ($685/mt), while the price of 5.5 mm x 1,250 mm SPHC HRC stands at RMB 4,320/mt ($685/mt).
2. Medium plate prices have been raised by RMB 130/mt ($20/mt). As a result, the new price of 14-20 mm Q235 medium plate is now at RMB 4,400/mt ($698/mt).
All the above prices are ex-mill, include 17 percent VAT and are effective from March 1.
US$1 = RMB 6.30