On May 16, Chinese steel producer Shougang Group announced price adjustments for its flat steel prices for June.
1. The ex-works prices of cold rolled coils (CRC) have remained stable, with the current price of SPCC 1.0 mm CRC at RMB 4,750/mt ($728/mt).
2. The ex-works prices of hot dip galvanized (HDG) coils are up by RMB 150/mt (23/mt), with the prices of DX51D+Z 1.0 mm x 1,250 mm now at RMB 5,260/mt ($807/mt).
3. The ex-works prices of cold rolled full hard coils have increased by RMB 50/mt ($8/mt), and so Shougang's current prices of SPCC 1.0 mm cold rolled full hard coils are at RMB 4,560/mt ($699/mt).
4. The ex-works prices of common carbon medium plate have remained stable, with the prices of Q235B 15-40 mm material still at RMB 4,570/mt ($701/mt).
5. The ex-works prices of shipbuilding plates are unchanged, with prices of CCSA 15-25 mm shipbuilding plates still at RMB 4,770/mt ($732/mt).
6. The prices of hot rolled coils, including common carbon hot rolled coils (HRC) and low alloy hot rolled coils, are up by RMB 50/mt ($8/mt), and so prices of Q235 3.0 mm x 1,500 mm HRC have risen to RMB 4,090/mt ($627/mt).
All above prices excluded VAT, and will be effective from June 1.