SteelOrbis Shanghai
On June 26, Inner Mongolia Autonomous Region-based Baotou Steel released July ex-factory prices for its flats. The details are as follows:
The ex-factory price of HR has decreased RMB 400/mt ($53/mt). After the adjustment, the new price of Q235 5.5 mm thick HRC is RMB 3,650/mt ($480/mt).
The ex-factory price of CR has gone down RMB 250/mt ($33/mt). After the adjustment, the new price of SPCC 1.0 mm thick CRC is RMB 4,650/mt ($611/mt).
Finally, the ex-factory price of HDG has declined RMB 400/mt ($53/mt). After the adjustment, the new price of SGCC 1.0 mm×1250 mm×C HDG is RMB 4,900/mt ($644/mt).
The above prices all include 17 percent VAT.