On January 11, 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 (HR)
The prices of all hot rolled products have increased by RMB 200/mt ($31/mt). As a result, the prices of 3.0 mm x 1,250 mm SPHC grade hot rolled coil (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 3,970/mt ($633/mt), RMB 3,930/mt ($626/mt) and RMB 3,890/mt ($620/mt).
2. Rolled plate
The prices of all rolled plates have remained unchanged. Accordingly, 14-40 mm Q235A and 14-40 mm Q345A grade plate prices are still standing at RMB 3,600/mt ($574/mt) and RMB 3,710/mt ($591/mt) respectively.
3. Cold rolled (CR)
The prices of common cold rolled (CR) steel products have increased by RMB 150/mt ($23/mt). As a result, the price of 1.0 mm Q195 grade cold rolled steel has risen to RMB 4,410/mt ($703/mt), while the price of 1.0 mm x 1,250 mm x CQ195 grade cold rolled steel has increased to RMB 4,440/mt ($703/mt).
The prices of cold rolled (CR) steel products for the automotive sector have increased by RMB 80/mt ($12/mt).
4. Hot dip galvanized (HDG)
The prices of all HDG products have increased by RMB 100/mt ($15/mt). The price of 1.0 mm DX51D+Z HDG coil is now standing at RMB 4,800/mt ($765/mt).
5. Color-coated
The prices of all color coated products have increased by RMB 100/mt ($15/mt). Currently, the price of 0.45 mm TDC51D+Z color coated is at RMB 5,860/mt ($934/mt).
6. Tinplate
The prices of all tinplate products have increased by RMB 100/mt ($15/mt). The price of 0.24 mm MR electro-tinplated coil is now standing at RMB 5,950/mt ($948/mt), while the price of 0.28 mm MR electro-tinplated coil has increased to RMB 5,870/mt ($936/mt).
7. Grain-oriented (GO) silicon steel
The prices of all grain-oriented (GO) silicon steel products have remained unchanged. Currently, the price of 0.3 mm 30Q120 GO silicon steel is standing at RMB 14,440/mt ($2,303/mt),
8. Non-grain-oriented (NGO) silicon steel
The prices of low steel grade non-grain-oriented (NGO) silicon steel products have increased by RMB 200/mt ($31/mt), while the prices of other non-grain-oriented (NGO) silicon steel products above 50ww700 have increased by RMB 150/mt ($23/mt). Accordingly, the price of 0.5 mm 50ww600 NGO silicon steel has risen to RMB 5,460/mt ($870/mt), while the price of 0.5 mm 50ww800 NGO silicon steel has increased to RMB 5,370/mt ($856/mt).
9. Pickled and oiled
The prices of all pickled and oiled products have increased by RMB 150/mt ($23/mt).
10. Electro-galvanized,
The prices of all electro-galvanized products have increased by RMB 50/mt ($7/mt).
In addition, WISCO has also issued its special steel sales prices for February shipment. The details are as follows:
1. The prices of common carbon, high carbon and low carbon steel have increased by RMB 60/mt ($9/mt), The price of 6.5 mm diameter 45# hard wire is currently standing at RMB 3,700/mt ($590/mt).
2. The prices of cold heading steel and stranded wire have increased by RMB 100/mt ($15/mt) and RMB 300/mt ($47/mt) respectively. The price of 6.5 mm SWRCH22A cold heading steel is standing at RMB 3,730/mt ($594/mt). i.e., RMB 4,364.1/mt ($594/mt) with tax included.
3. The prices of hot rolled products, such as high carbon sheet, cylinder steel and automobile steel have remained unchanged.
4. The prices of rolled plate, including bridge plate, high carbon steel, wear-resistant steel and high-strength steel plate, have remained unchanged.
All the above prices are ex-mill prices, exclude 17 percent VAT and are effectively immediately.
$1 = RMB 6.27