Wuxi NewDaZhong announces new ex-factory prices

On April 3, Jiangsu province based steelmaker Wuxi NewDaZhong released its April price list. The ex-factory prices of galvanized coils increased RMB 450-650/mt ($56-81), and that of color coated coils increased RMB 450-650/mt ($56-81). After the adjustment, the price of 0.5 mm thick galvanized coils reached RMB 5,900/mt ($736), and that of 1.0 mm thick galvanized coils reached RMB 5,450/mt ($680). The price of 0.4 mm thick color coated coils reached RMB 6,900/mt ($860), while that of 0.47 mm thick color coated coils reached RMB 6,550/mt ($817). 17 percent VAT is included in all prices.