On August 13, Chinese steelmaker Wuhan Iron and Steel Co. (WISCO) issued its steel sales prices for September shipment. The details are as follows (all comparisons being with August prices):
1. Hot rolled coil (HRC) and hot rolled sheet (HRS)
The prices of all hot rolled products have increased by RMB 130/mt ($21/mt).
Accordingly, the prices of 3.0 mm x 1,250 mm SPHC grade 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 3,820/mt ($624/mt), RMB 3,780/mt ($618/mt) and RMB 3,740/mt ($611/mt).
2. Rolled plate
The prices of carbon plate, low-alloy plate and shipbuilding plate have increased by RMB 100/mt ($16/mt), while the prices of all other plate products have remained unchanged. Accordingly, 14-40 mm Q235A and 14-40 mm Q345A grade plate prices are still standing at RMB 3,700/mt ($605/mt) and RMB 3,810/mt ($623/mt) respectively.
3. Pickled and oiled
The prices of SPHC, SPHD and SPHE grade products have moved up by RMB 100/mt ($16/mt), while the prices of all other pickled and oiled products have increased by RMB 130/mt ($21/mt).
4. Cold rolled (CR)
The prices of cold rolled products for household appliances have increased by RMB 100/mt ($16/mt).
As a result, the price of 1.0 mm Q195 grade cold rolled steel is currently standing at RMB 4,250/mt ($694/mt), while the price of 1.0 mm x 1,250 mm x CQ195 grade cold rolled steel is standing at RMB 4,220/mt ($690/mt).
5. Hot dip galvanized (HDG)
The prices of DX51, DX52, DX53 and structrual grade HDG products have increased by RMB 80/mt ($13/mt). Accordingly, the price of 1.0 mm DX51D+Z HDG coil is now standing at RMB 4,750/mt ($776/mt).
6. Electro-galvanized
The prices of all CQ grade electro-galvanized products have increased by RMB 100/mt ($16/mt), while the prices of all other pickled and oiled products have remained unchanged.
7. Color-coated
The prices of all color-coated products have risen by RMB 80/mt ($13/mt).
8. Non-grain-oriented (NGO) silicon steel
Silicon steel division: the prices of medium and low grade NGO silicon steel products (including 50WH470 grade) have increased by RMB 200/mt ($33/mt).
Cold rolled steel mill: NGO silicon steel products are offered at a discount of RMB 200/mt ($33/mt) on the prices of products produced by the silicon steel division.
9. The prices of wire rod, section steel and grain-oriented (GO) silicon steel have remained unchanged.
All prices are ex-works, exclude 17 percent VAT, and are effectively immediately.
$1 = RMB 6.12