The prices of flat steel products from major Chinese steelmaker Wuhan Iron and Steel Co. (WISCO) for December shipment are as follows (comparisons being with November prices):
1. Prices of hot rolled coil (HRC) products for automotive application have decreased by RMB 100/mt ($15/mt), and other common carbon HRC products are down by RMB 150/mt ($22/mt). As a result, the new price of Q235 5.5 mm × 1,500 mm is RMB 4, 110/mt ($618/mt), while that of SPHC 2.75 mm × 1,250 mm is RMB 4,250/mt ($640/mt).
2. Prices of common carbon, low alloy and premium carbon steel plates as well as ship plate have decreased by RMB 200/mt ($30/mt). Thus, the new price of Q235 14-20 mm medium plate stands at RMB 4,280/mt ($644/mt).
3. 82 B series wire rod price has been raised by RMB 100/mt ($15/mt), while other wire rod prices remain unchanged.
4. Prices of common carbon cold rolled (CR) products have decreased by RMB 240/mt ($36/mt), while prices of other cold rolled products remain unchanged. As a result, the new price of SPCC1.0mm mm cold plate is RMB 5,060/mt ($762/mt), while cold rolled steel coil with the same specification is RMB 5010/mt ($754/mt).
5. Prices of common carbon galvanized coil have decreased by RMB 100/mt ($15/mt) and other galvanized coil product prices remain unchanged, with the new price of DX51D+Z 1.0 mm galvanized coil standing at RMB 5,433/mt ($818/mt).
6. Structural product prices have remained unchanged
7. Prices of non-grain-oriented silicon steel have remained unchanged
8. Color coated product prices have dropped by RMB 200/mt ($30/mt).
9. Tinplate prices remain unchanged
All the above prices are ex-mill, effective from November 18, and do not include 17 percent VAT
US$1 = RMB 6.64