SteelOrbis Shanghai
On July 3, Guangxi Province-based Guangxi LiuZhou Iron & Steel Group Co., Ltd. (Liuzhou Steel) made a downward adjustment to its ex-factory price for HR.
The ex-factory price for HRC has decreased RMB 70/mt ($9/mt). After adjustment, the new price of Q235 5.5 mm thick HRC is RMB 3,980/mt ($524/mt).
All above prices include 17 percent VAT and are effective as of June 29, 2007.