On October 19, Chinese steel producer Shougang Group issued its new ex-mill price list for flat steel products for November, as follows:
1. HRC prices have remained unchanged. As a result, the ex-mill price of Q235 5.5 mm x 1,500 mm HRC stays at RMB 3,900/mt ($584.7/mt).
2. CRC prices have remained unchanged. Thus, the current ex-mill price of SPCC 1.0 mm CRC is still RMB 4,650/mt ($784.8/mt).
3. Cold hard coil prices have increased by RMB 100/mt ($15/mt) compared to October price levels, with the current ex-mill price of SPCC 1.0 mm galvanized coil now at RMB 4,280/mt ($641.7/mt).
4. Galvanized coil prices have risen by RMB 50/mt ($7.5/mt), with the current ex-mill price of St01Z 1.0 mm galvanized coil now at RMB 4,850/mt ($727/mt).
5. Prices of plate have remained unchanged. Thus, the ex-mill price of Q235A 15-25 mm plate is still at RMB 4,190/mt ($628/mt), with the ex-mill price of Q345 14-20mm low alloy plate remaining at RMB 4,370/mt ($655/mt).
All the above prices are ex-mill, do not include 17 percent VAT and are effective from October 19, 2010.
US$1 = RMB 6.67