On November 18, Shandong Province-based Chinese steelmaker Laiwu Steel announced an upward adjustment to its HR ex-works prices for November 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 November 10. As a result, the new price of 5.5 mm Q235 is now at RMB 3,580/mt ($524/mt).
The above price includes 17 percent VAT.
US$1 = RMB 6.82