SteelOrbis Shanghai
On November 19, Guangxi Province-based Guangxi Liuzhou Iron & Steel Group Co., Ltd. (Liuzhou Steel) announced an upward adjustment to its ex-factory price for HRC.
The ex-factory price of < 12 mm thick HRC increased RMB 50/mt ($7/mt). After adjustment, the new price of 5.5 mm thick Q235 HRC is at RMB 4,650/mt ($626/mt) including 17 percent VAT and effective as of November 19, 2007.