SteelOrbis Shanghai
On July 30, Handan Steel released its August ex-factory prices for HR products, showing a downward adjustment of RMB 200/mt ($26/mt) compared with July.
Accordingly, the new price of Q235 grade 3.0 mm thick hot rolled coil is RMB 3,730/mt ($492/mt), while that of Q235 grade 5.5 mm thick hot rolled coil is RMB 3,600/mt ($475/mt).
The above prices include 17 percent VAT and are effective as of July 30, 2007.