December 02, 2008

Chinese steel mills raise product prices

It is reported that some domestic steelmakers slightly raised their steel products prices recently as anticipated by the industry. These steelmakers include Shaoguan Iron & Steel, Liuzhou Iron & Steel and Lingyuan Iron & Steel.

Shaoguan Iron & Steel adjusted ex plant prices of selected products based on the ex plant prices on April 7th with a universal hike of CNY 100 per tonne on top of the ex plant price of steel sheets, low alloyed sheets, carbon steel sheets, boiler plates and pressure vessel plates. The ex-plant prices for regular wire, high speed wire and reinforced steel remain unchanged.

Liuzhou Iron & Steel marked up the prices for hot rolled sheet with a thickness of 12mm and above by CNY 60 per tonne. Lingyuan Iron & Steel marked up the guidance price for reinforced steel, round steel, carbon structural steel and medium width hot strip by CNY 50 per tonne respectively.

Prices quoted by Benxi Iron & Steel for its products remain unchanged.