The producer's HR prices have increased by RMB 20/mt ($2/mt) from the levels announced on May 21. As a result, the new price of 5.5 mm Q235 is now at RMB 3,420/mt ($500/mt).
On May 21, Laiwu Steel had increased its HR ex-works prices by RMB 20/mt ($2/mt) compared to the levels announced on May 15, which in turn constituted a rise of RMB 30/mt ($4/mt) from the levels issued on May 13.
The above price includes 17 percent VAT.
US$1 = RMB 6.83