Major Chinese steelmaker Shougang has issued its prices for hot rolled and cold rolled coil for delivery in February. The details are as follows (comparisons are with January delivery prices):
1. Hot rolled coil (HRC):
Prices of products from Shougang's main steel production base have remained stable. Currently, the price of 5.5 mm x 1,500 mm Q235 hot rolled coil stands at RMB 3,260/mt ($534/mt), prices of low alloy hot rolled products are RMB 130/mt ($21/mt) higher than prices of Q235 products, while the price of 3.0 mm x 1,250 mm SPHC hot rolled coil stands at RMB 3,340/mt ($548/mt).
2. Cold rolled (CR) products:
a) Prices of cold rolled coil from Shougang's main steel base have remained stable. The price of 1.0 mm x 1,250 mm SPCC cold rolled coil stands at RMB 4,250/mt ($697/mt).
b) Prices of galvanized coil from the main steel base have remained stable. The price of 1.0 mm x 1,250 mm DX51D+Z galvanized coil still stands at RMB 4,580/mt ($751/mt).
c) Prices of full hard cold rolled steel products from the main steel base have remained stable. Currently, the price of 1.0 mm x 1,250 mm full hard cold rolled steel coil made of SPCC stands at RMB 3,900/mt ($639/mt).
All the above price changes are effective from February 1 and exclude 17 percent VAT and any discounts.
$1 = RMB 6.1