Wuxi NewDaZhong adjusts ex-factory prices

SteelOrbis Shanghai Jiangsu province based steelmaker Wuxi NewDaZhong adjusted its ex-factory prices on June 15. The ex-factory prices of galvanized coils increased RMB 400/mt ($50), and that of color coated coils increased RMB 350-450/mt ($44-56). After the adjustment, the new price of 0.5 mm thick galvanized coils reached RMB 6,900/mt ($861), and that of 1.0 mm thick galvanized coils reached RMB 6,400/mt ($799), both prices including 17% VAT. Meanwhile, the price of 0.4 mm thick color coated coils reached RMB 7,800/mt ($974), and that of 0.47 mm thick color coated coils reached RMB 7,400/mt ($924) including 17% VAT.