WISCO adjusts flat steel prices for April shipment

On March 23, major Chinese steelmaker Wuhan Iron and Steel Co. (WISCO) announced adjustments of its prices of flat steel products for April shipment (comparisons being with April prices published on March 14):
 
1. Hot rolled products:
Prices of weathering steel and high-strength welding steel are unchanged, while other hot rolled product prices have dropped by RMB 200/mt ($30/mt). At present the ex-mill price of SPHC 2.75 mm x 1,250 mm x C hot rolled coil (HRC) is RMB 4,440/mt ($674/mt), while the ex-mill price of Q235 5.5 mm x 1,500 mm C HRC is RMB 4,320/mt ($656/mt).
 
2. Plates:
Common carbon and low carbon steel plates prices have been reduced by RMB 300/mt ($45/mt), with shipbuilding plate prices down by RMB 150/mt ($22/mt). Prices of other products are unchanged. At present, the ex-mill price of Q235 14-20 mm plate is RMB 4,430/mt ($673/mt).
 
3. Cold rolled products:
Common carbon and low carbon cold rolled product prices are down by RMB 200/mt ($30/mt). As a result, the ex-mill price of SPCC 1.0 mm cold rolled plate is RMB 5,000/mt ($759/mt), while that of 1.0 mm cold rolled coil (CRC) is RMB 4,950/mt ($752/mt).
 
4. Prices of DX51-DX53 series galvanized coils are down by RMB 200/mt ($30/mt).
 
 
5. Prices of non-grain-oriented silicon steel of 800 and above grades have decreased by RMB 400/mt ($60/mt), while the price of grades lower than 800 has declined by RMB 450/mt ($68/mt)
 
6. Wire rod
The price of stranded wire is unchanged, while other products prices are down by RMB 200/mt ($30/mt).
 
All the above prices are ex-mill, and do not include 17 percent VAT.
 
US$1 = RMB 6.58