On July 15, Chinese steel producer Shougang Group issued its new ex-mill price list for steel plate products for August as follows:
1. Carbon steel plate prices are unchanged. Accordingly, the ex-mill price of Q235B 14-20 mm medium plate still stands at RMB 4,320/mt ($668/mt).
2. Ex-mill prices of low alloy steel sheet have decreased by RMB 250/mt ($39/mt). As a result, Q345B 14-20 mm low alloy steel sheet prices now stand at RMB 4,750/mt ($734/mt).
3. Boiler steel plate prices have declined by RMB 250/mt ($39/mt). Thus, the ex-mill price of SPCC 1.0 mm boiler steel plate is now at RMB 4,540/mt ($702/mt). Meanwhile, the price of Q345R 14-20 mm container steel plate is at RMB 4,610/mt ($713/mt).
4. The listed price of shipbuilding plate has decreased by RMB 250/mt ($39/mt). Thus, the ex-mill price of CCSA 14-20 mm shipbuilding plate is now at RMB 4,520/mt ($699/mt), while the ex-mill price of CCSB 14-20 mm shipbuilding plate is still at RMB 4,560/mt ($705/mt)
All the above prices are ex-mill, do not include 17 percent VAT and are effective from August 1, 2011.
US$1 = RMB 6.47