On December 11, Hubei Province-based Chinese steelmaker Wuhan Iron and Steel Corporation (WISCO) announced the ex-factory prices of its flat steel products for January delivery.
1. HR coils
Prices have increased by RMB 200/mt ($29/mt). After the adjustment, the price of 2.75 mm Q235 HRC is at RMB 4,050/mt ($594/mt), while the price of 5.5 mm Q235 HRC is at RMB 3,890/mt ($570/mt).
2. Medium plate
Prices have remained unchanged from December levels, with the new price of 14-20 mm Q235 medium plate at RMB 3,790/mt ($556/mt).
3. CR coils
Prices have gone up by RMB 300/mt ($44/mt). Thus, the price of 1.0 mm Q195 cold rolled sheet is at RMB 5,150/mt ($755/mt), while the price of 1.0 mm Q195 cold rolled coil is now at RMB 5,100/mt ($748/mt).
4. Galvanized coils
Prices are up by RMB 300/mt ($44/mt). As a result, the new price of 1.0 mm DX51D+Z is RMB 5,333/mt ($782/mt).
5. Electrolytic tinning coils
Prices have remained constant. Thus, price of 0.24 mm MR electrolytic tinning coils is at RMB 6,271/mt ($920/mt), while that of 0.28 mm MR material stands at RMB 6,051/mt ($887/mt).
6. Color coated
December prices are still in effect, with the ex-factory prices of 0.45 mm TDC51D+Z staying at RMB 6,435/mt ($944/mt).
All the above prices exclude 17 percent VAT and any discounts, and are effective as of December 11, 2009.
$1 = RMB 6.82