The producer's HR prices have increased by RMB 100/mt ($14/mt) compared with the levels issued on July 22. As a result, the new price of 5.5 mm Q235 is now at RMB 4,030/mt ($590/mt).
The above price includes 17 percent VAT.
US$1 = RMB 6.83
Laiwu Steel continues to hike its HR prices
On July 24, Shandong Province-based Chinese steelmaker Laiwu Steel announced a further upward adjustment to its HR ex-works prices for July to take effect immediately. The details are as follows:
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