SteelOrbis Shanghai
On December 1, Shandong Province-based Laiwu Steel reduced its ex-mill prices for large size H-beam. The details are as follows:
The prices of large size H-beam, i.e. in a size range of 250 x 250 mm - 900 x 300 mm, have been reduced by RMB 400/mt ($58.35/mt), while the prices of medium and small sizes have remained unchanged. Following the adjustment, Q235 588 x 300 mm H-beam is now priced at RMB 3,720/mt ($543.06/mt).
The above price includes 17 percent VAT and is effective from December 1.
$1 = RMB 6.85