On December 6, Laiwu Steel raised its ex-mill prices of steel strip. The details are as follows:
The producer has increased its steel strip price by RMB 80/mt ($11.67/mt).
As a result, Q235 2.5 x 252-358 mm x C steel strip is now priced at RMB 3,580/mt ($522.62/mt).
The above price includes 17 percent VAT and is effective from December 6, 2008.
$1 = RMB 6.85