SteelOrbis Shanghai
On March 24, Shanxi Province-based Taiyuan Iron & Steel (Group) Co., Ltd (TISCO) announced its HR ex-factory prices for April, posting an upward adjustment of RMB 350/mt ($50/mt) from March levels.
Following the adjustment, the new price of 3.0 mm Q235 is RMB 4,790/mt ($679/mt), while 5.5 mm Q235 is priced at RMB 4,710/mt ($668/mt).
The above prices include 17 percent VAT and are effective as of March 24, 2008.
$1 = RMB 7.05