Anshan Iron & Steel Group to Have Noticed to Raise All Domestic Prices of Steel Products

According to information obtained by a source, Anshan Iron & Steel Group of China seems to have noticed to raise almost all its domestic prices of steel products for December 2012 shipment to each customer.

According to currently known information, the company raised its prices of hot rolled steel coils by CNY 130, cold rolled steel sheets by CNY 70, hot dip galvanized steel sheets by CNY 50, steel plates by CNY 50, electrical steel sheets (non oriented) by CNY 50 and steel wire rods by CNY 110 to CNY 200 respectively from the previous month. As for pickled HR coils and full hard CR sheets, there are some unknown contents but those are said to be raised by CNY 130 to CNY 180. Those of colored steel sheets were left unchanged.

Ansteel raised its prices for December 2012 shipment following Wuhan Iron & Steel and Baoshan Iron & Steel and its markups of HR coils, pickled HR coils and so on is larger than those of other two companies. Following these three companies, other mills are expected to increase their prices of HR coils and so on.

China's market prices of steel products are slightly rising or left unchanged in each area because of the major mills' price increase, and there is no area to be found where such prices are dropping for the time being.