On April 1, Shandong Province-based Laiwu Steel announced new HR ex-works prices which are to take effect immediately. According to this announcement, the new price of 5.5 mm Q235 HR is RMB 3,250/mt ($475/mt). The price includes 17 percent VAT. Please click here to see the new rebar prices of Laiwu Steel. US$1 = RMB 6.83