Nanjing Steel raises ex-factory plate prices

SteelOrbis Shanghai On March 21, Jiangsu Province-based Nanjing Steel announced ex-factory price increases for some products. The details are as follows: 1. The producer's boiler plate price has been hiked RMB 100/mt ($13). Following the adjustment, the price of 20g 14-20 mm is at RMB 4,860/mt ($629). 2. The price of container plate has risen RMB 100/mt ($13). As a result, the price of 16MnR 12-20 mm now costs RMB 4,910/mt ($635). The above prices include taxes (17 percent VAT) and are effective as of March 21.