Hunan Province-based Chinese steel producer Xiangtan Steel and Iron Co., Ltd has issued its February prices for certain steel products as follows:
1. Plate prices remain unchanged. Thus, the price of 14-25 mm plate still stands at RMB 4,700/mt ($689/mt).
2. Low alloy steel prices still retain the same level as in the previous month. As a result, the price of 14-25 mm low alloy steel is still at RMB 4,850/mt ($711/mt).
3. High speed wire rod prices have been reduced by RMB 100/mt ($15/mt). Accordingly, 6.5 mm high speed wire rods are currently priced at RMB 4,000/mt ($587/mt).
All the above prices are ex-mill rates, including tax, effective from February 1, 2010.