SteelOrbis Shanghai
On August 27, Hunan Province-based Lianyuan Iron and Steel Group issued ex-factory prices for September, making downward adjustments to the products in question.
Equal angle
The producer's price for equal angles went down by RMB 250/mt ($37/mt).
Structural channel
The price of structural channel decreased by RMB 260/mt ($38/mt). With this latest adjustment, 10# Q235 structural channel is priced at RMB 5,390/mt ($788/mt).
Unequal Angle
The price of unequal angle decreased by RMB 250/mt ($37/mt). With this latest adjustment, Q235 unequal angle is priced at RMB 5,355/mt ($783/mt).
Common carbon round bar
The price of common carbon round bar declined by RMB 300/mt ($44/mt). As a result, the price of Q235 common carbon round bar of 16-28 mm size has decreased to RMB 5,290/mt ($773/mt).
Common carbon hot rolled strip
The price of common carbon hot rolled strip has fallen by RMB 350/mt ($51/mt). After this latest adjustment, Q235 strip steel of 183 mm × 2.75 mm size is priced at RMB 5,270/mt ($770/mt).
All the prices above include 17 percent VAT, effective immediately.
$1 = RMB 6.84