On July 18, Shandong Province-based Chinese steelmaker Laiwu Steel announced an upward adjustment to its HR ex-works prices for July to take effect immediately. The details are as follows:
The producer's HR prices have increased by RMB 100/mt ($14/mt) compared with the levels issued on July 15. As a result, the new price of 5.5 mm Q235 is now at RMB 3,830/mt ($560/mt).
The above price includes 17 percent VAT.
US$1 = RMB 6.83