September 07, 2008

Ansteel hikes domestic plate prices for June shipment

It is reported that Ansteel has raised its medium and heavy plate prices by CNY 150 per tonne for June shipments.

The new price for Q235 grade 12mm to 20mm medium and heavy plate is now CNY 5510 per tonne not including taxes or price including taxes is CNY 6467 per tonne.

But the company retained the ex work price of hot rolled coil and cold rolled coil for June as the same level as in May 2008.

The mainstream quotation of hot-rolled coil of Q 235 5.5 mm in Shanghai was CNY 5700 per ton, rose up CNY 100 per ton than that at the end of April and CNY 6700 per ton for 1.0mm cold rolled coil price, rose up CNY 200 per ton than that in the end of April.

Most traders agreed the price adjustment this time and they think that price now are high enough, if they continue to raise price, it will bring pressures for their sales.