Chinese steelmaker Wuhan Iron and Steel Co. (WISCO) has issued its steel sales prices for December shipment. The details are as follows (all comparisons being with November prices):
1. Wire rod
Prices of wire rod have increased by RMB 400/mt ($58/mt).
2. Hot rolled coil (HRC)
Prices of HRC have increased by RMB 400/mt ($58/mt). As a result, 3.0 mm x 1,250 mm SPHC HRC is still priced at RMB 3,810/mt ($557/mt), 2.75 mm x 1,250 mm Q235 HRC is priced at RMB 3,820/mt ($558/mt), and 5.5 mm x 1,500 mm Q235 HRC costs RMB 3,780/mt ($553/mt).
3. Rolled plates
Prices of rolled plate products have increased by RMB 400/mt ($58/mt). Currently, 14-40 mm Q235 medium plates are priced at RMB 3,890/mt ($569/mt), while 14-40 mm Q345 low alloy plates are still priced at RMB 4,000/mt ($585/mt).
4. Pickled rolled products
Prices of pickled rolled products have risen by RMB 300/mt ($44/mt).
5. Cold rolled plates
Prices of high quality of carbon and deep-drawing cold rolled plate products have increased by RMB 350/mt ($51/mt), while prices of other products have moved up by RMB 400/mt ($58/mt). As a result, 1.0 mm Q195 cold rolled plate is priced at RMB 4,720/mt ($690/mt) and 1.0 mm x 1,250 mm x C Q195 cold rolled plate is priced at RMB 4,670/mt ($683/mt).
6. Hot dip galvanized (HDG)
Prices of HDG have increased by RMB 350/mt ($51/mt). Currently, 1.0 mm DX51D+Z HDG plate is priced at RMB 6,760/mt ($988/mt) and1.0 mm DX51D+Z coil is priced at RMB 6,670/mt ($975/mt).
7. Electro-galvanized (EG) products
Basic prices of EG products have increased by RMB 350/mt ($51/mt). As a result, 1.0 mm DC01+ZE EG plate is priced at RMB 5,680/mt ($830/mt) and 1.0 mm DC01+ZE EG coil is priced at RMB 5,590/mt ($817/mt).
8. Pre-painted galvanized iron (PPGI)
Prices of PPGI have been raised by RMB 400/mt ($58/mt). Currently, 1.0 mm TDC51D+Z PPGI coil is priced at RMB 5,860/mt ($857/mt).
9. Prices of channels, non-grain-oriented (NGO) silicon steel and grain-oriented silicon steel have increased by RMB 200/mt ($29/mt). As a result, 0.5 mm 50WW470 high-grade NGO silicon steel is priced at RMB 5,650/mt ($826/mt) and 0.5 mm 50WW600 low-grade NGO silicon steel costs RMB 5,430/mt (794/mt).
All prices are ex-works, excluding 17 percent VAT, and are effective immediately.
$1 = RMB 6.84