Jiangsu Province-based Chinese steelmaker Shagang Group has announced its ex-mill prices for flat steel products, effective for early March (Mar. 1-10). The details are as follows (comparisons being with prices for late February):
1. Prices of HRC have remained unchanged, with the 5.5 mm Q235 HRC price still at RMB 5,000/mt ($761/mt) and the 5.5 mm SPHC HRC price remaining at RMB 5,080/mt ($773/mt).
2. Prices of medium plate have increased by RMB 200/mt($30/mt). Thus, the price of 14-20 mm Q235 medium plate has risen to RMB 5,400/mt ($821/mt).
All the above prices are ex-mill, include tax and are effective from March 1.
US$1 = RMB 6.57