Tianjin Steel adjusts prices once more in 3 days

SteelOrbis Shanghai On June 9, Tianjin Steel hiked its overall medium plate ex-factory prices by RMB 200/mt, just three days after the latest adjustment on June 6. The mill has also increased Q345B low alloy plates' ex-factory prices by RMB 120/mt. The ex-factory price of 8 mm Q235B common carbon plate increased to RMB 4,680/mt, that of 16-20 mm to RMB 4,380/mt, that of 22 mm to RMB 4,400/mt. The price adjustments include taxes and are effective as of June 9, 2006. Influenced by the price adjustment, Tianjin market prices also see increase on the same day, but the increase range is not large, only RMB 40/mt. Today, the price of 20 mm common carbon plate is RMB 4,520/mt