On January 15, Chinese steelmaker Wuhan Iron and Steel Co. (WISCO) issued its steel sales prices for February shipment. The details are as follows (all comparisons being with January prices):
1. Hot rolled coil (HRC) and hot rolled sheet (HRS)
The prices of all hot rolled products have remained unchanged. Accordingly, the prices of 3.0 mm x 1,250 mm SPHC grade HRC, 2.75 mm x 1,250 mm Q235 grade HRC and 5.5 mm x 1,500 mm Q235 grade HRC are respectively standing at RMB 3,390/mt ($556/mt), RMB 3,410/mt ($559/mt) and RMB 3,370/mt ($553/mt).
2. Pickled and oiled
The prices of SAPH, QstE and RST grade pickled and oiled products have increased by RMB 100/mt ($16/mt), while the prices of all other pickled and oiled products have remained unchanged.
3. Cold rolled (CR)
a. High-quality carbon cold rolled steel: the prices of SPC270C grade products have increased by RMB 250/mt ($41/mt), while the prices of all other high-quality carbon cold rolled steel products have risen by RMB 100/mt ($16/mt).
b. Deep-drawing and high-strength cold rolled steel: the prices of SPC270D grade products have increased by RMB 170/mt ($27/mt), while the prices of all other deep-drawing and high-strength cold rolled steel products have increased by RMB 50/mt ($8/mt).
c. The prices of all other cold rolled steel products have remained unchanged.
4. Hot dip galvanized (HDG)
The prices of DX51, DX52 and DX53 grade HDG products have increased by RMB 100/mt ($16/mt), while the prices of all other products have remained unchanged.
5. Color-coated
The prices of all color-coated products have increased by RMB 150/mt ($24/mt).
6. Electro-galvanized
The prices of all DQ grade electro-galvanized products have increased by RMB 120/mt ($19/mt), while the prices of all other electro-galvanized products have increased by RMB 50/mt ($8/mt).
7. Rolled plate
The prices of common carbon rolled plate, low-alloy rolled plate and shipbuilding plate have increased by RMB 50/mt ($8/mt). Accordingly, the prices of 14-40mm Q235A grade steel plate and 14-40mm Q345 grade steel plate are now standing at RMB 3,650/mt ($599/mt) and RMB 3,760/mt ($617/mt), respectively.
8. The prices tin-coated steel products, non-grain-oriented (NGO) silicon steel and grain-oriented (GO) silicon steel have remained unchanged.
All prices are ex-works, excluding 17 percent VAT, and are effectively immediately.
$1 = RMB 6.09