Major Chinese steelmaker Wuhan Iron and Steel Co. (WISCO) has issued its steel prices for February shipment are as follows (comparisons being with prices for January shipment):
1. Prices of hot rolled coil (HRC) products have increased by RMB 200/mt ($30/mt).
2. Prices of shipbuilding plate are up by RMB 260/mt ($39/mt), while prices of other steel plate products have increased by RMB 200/mt ($30/mt).
3. Prices of cold rolled coils (CRC) have been raised by RMB 100/mt ($15/mt).
4. Wire rod prices have gone up by RMB 100-150/mt ($15-22/mt).
5. Prices of galvanized coil have increased by RMB 50-100/mt ($7-15/mt).
6. Structural product prices have remained unchanged.
7. Prices of non-grain-oriented silicon steel have increased by RMB 100/mt ($15/mt), while prices of grain-oriented silicon steel have been hiked by RMB 200-300/mt ($30-45/mt).
8. Color coated product prices have gone up by RMB 100/mt ($15/mt).
9. Prices of tin coated steel products have remained unchanged.
All the above prices are ex-mill, effective from January 12, and do not include VAT
US$1 = RMB 6.61