Chinese Heibei Steel released the price policy for March delivery on February 21st. The company decided to hike the March list prices of steel flat products by RMB50~RMB120/ton averagely.
Among them, the list prices of medium heavy plates increased by RMB70/ton; that of hot rolled steel plates and coils surged by RMB120/ton; that of cold rolled steel plates and coils hiked by RMB50/ton; that of picking plates rose by RMB120/ton; that of cold galvanized steel was up by RMB50/ton and that of hot dipped galvanized steel increased by RMB100/ton.
After the adjustment, the prices of Q235 medium heavy plates with thickness of 14mm~20mm are at RMB4,220/ton; that of Q235 hot rolled steel with thickness of 5.5mm is at RMB4,220/ton; that of SPCC cold rolled coil with thickness of 1.0mm is at RMB5,000/ton; that of SPHC picking plates with thickness of 3.0mm is at RMB4,620/ton; that of SGCC cold galvanized steel with thickness of 1.0mm is at RMB5,000/ton and that of SGH340 hot dipped galvanized steel with thickness of 3.0mm is at RMB5,200/ton.
The above prices include taxes and will become effective from March 1st, 2012