Jiangsu Province-based Chinese steel producer Shagang Group has issued its ex-mill prices for hot rolled coils, effective for the month of June. The details are as follows:
The producer's HRC price has decreased by RMB 300/mt ($44/mt). As a result, its price for 5.5 mm Q235 HRC has declined to RMB 4,500/mt ($660/mt).
The above price is ex-mill, includes tax and is effective from June 1.