Chinese steelmaker Wuhan Iron and Steel Co. (WISCO) has issued its steel product prices for December shipment. The prices are as follows (comparisons being with November prices):
1. Hot rolled (HR)
(1). The prices of ordinary carbon, low carbon alloy and shipbuilding plate steel products have fallen by RMB 300/mt ($47/mt). Accordingly, the new ex-work prices of 3.0 mm x 1,250 mm CSPHC and 5.5 mm x 1,500 mm CQ 235 respectively stand at RMB 3,870/mt ($609/mt) and RMB 3,810/mt ($600/mt).
(2). The prices of weathering steel and high strength galvanized steel products have declined by RMB 100/mt ($15/mt).
(3) Prices of SPHC and Q195 products are the same as the price of Q235A of similar specification.
(4) Other product prices have increased by RMB 300/mt ($47/mt).
2. Rolled plate
All the prices remain unchanged. At present, the ex-works price of 20 mm Q235 plate stands at RMB 4,480/mt ($705/mt).
3. Cold rolled (CR)
The prices of steel grades Q195-215A, Q235A, Q275A, DC01, SPCC, WMB1, WSB17; CWJD1, WJD2, SPCCT-EG, WLS280-JD, WLS350-JD, WJD3; SPCD-HS, SPCE-HS; 08AL、SPCD, DC03; SC1, SPCE, DC04; 06CuPRE, WNQ300, 05CuPCrNi, SPA-C; and WDEL250, WDEL300, WDEL350, WDEL400 have declined by RMB 200/mt ($31/mt), while other prices have remained unchanged. The price of 1.0 mm Q195 cold rolled steel is currently at RMB 4,520/mt ($711/mt), while the price of 1.0 mm x 1,250 mm x CQ195 cold rolled steel stands at RMB 4,500/mt ($708/mt), both ex-works.
4. Hot dip galvanized (HDG)
The prices of DX51 and DX52 have declined by RMB 320/mt ($50/mt), while DX53 prices have declined by RMB 390/mt ($61/mt). The prices of other products remain unchanged. Currently, 1.0 mm DX51D+Z galvanized coil is priced at at RMB 4,833/mt ($761/mt) ex-works.
5. Pre-painted galvanized iron (PPGI)
All prices have been reduced by RMB 300/mt ($47/mt). Currently, 0.45 mm TDC51D+Z PPGI is priced at RMB 6,175/mt ($972/mt) ex-works.
6. Tinplate
The prices of products with thickness up to 0.28 mm are down by RMB 400/mt ($62/mt), while products with thicknesses over 0.28 mm up to 0.31 mm have fallen by RMB 340/mt ($53/mt) and products with thicknesses above 0.31 mm have fallen in price by RMB 300/mt ($47/mt).
7. Wire rod (WR)
(1). Steel Cord and 82Mn-QS products remain unchanged in price, while prices of other products have decreased by RMB 300/mt ($47/mt). Currently, 6.5 mm 45# high quality wire rod stands at RMB 4,050/mt ($637/mt), while 6.5 mm 22A cold heading is priced at RMB 4,120/mt ($648/mt), both ex-works.
(2). W77MnA and WSWRH82B products are the same in price.
8. Non-grain-oriented (NGO) silicon steel
(1). The prices of medium number NGO silicon steel have fallen by RMB 600/mt ($94/mt).
(2). The prices of small number NGO silicon steel products have fallen by RMB 600/mt ($23/mt).
(3) Continuous annealing cold rolled products are offered at RMB 150/mt ($23/mt) less than the prices of the same product number at the silicon steel plant.
9. Grain-oriented silicon steel
All prices have declined by RMB 600/mt ($94/mt).
10. Pickling steel
All prices have declined by RMB 300/mt ($47/mt).
11. The prices of products such as heavy rail are remained stable.
All the above prices exclude 17 percent VAT and are effective as of November 16, 2011.
$1 = RMB 6.35