On June 24, Shandong Province-based Chinese steelmaker Laiwu Steel announced a further upward adjustment to its HR ex-works prices for June to take effect immediately. The details are as follows:
The producer's HR prices have increased by RMB 80/mt ($11/mt) from the levels announced on June 19. As a result, the new price of 5.5 mm Q235 is now at RMB 3,600/mt ($527/mt).
On June 19, Laiwu Steel had increased its HR ex-works prices by RMB 50/mt ($7/mt) compared to the levels announced on June 15, which in turn constituted a rise of RMB 50/mt ($7/mt) from the levels issued on June 8.
The above price includes 17 percent VAT.
US$1 = RMB 6.83