On July 22, Shandong Province-based Chinese steelmaker Laiwu Steel announced a further upward adjustment to its HR ex-works prices for July to take effect immediately. The details are as follows:
The producer's HR prices have increased by RMB 100/mt ($14/mt) compared with the levels issued on July 18. As a result, the new price of 5.5 mm Q235 is now at RMB 3,930/mt ($575/mt). Laiwu Steel's HR prices have risen by a total of RMB 660/mt ($96/mt) since May 6 this year.
The above price includes 17 percent VAT.
US$1 = RMB 6.83