On July 28, Shandong Province-based Chinese steelmaker Laiwu Steel announced a further upward adjustment to its HR ex-works prices to take effect immediately. The details are as follows:
The producer's HR prices have increased by RMB 50/mt ($7/mt) compared with the levels issued on July 24. As a result, the new price of 5.5 mm Q235 is now at RMB 4,080/mt ($597/mt).
The above price includes 17 percent VAT.
US$1 = RMB 6.83