The producer's HR prices have increased by RMB 30/mt ($4/mt) from the levels announced on May 13. As a result, the new price of 5.5 mm Q235 is now at RMB 3,380/mt ($495/mt).
On May 13, Laiwu Steel had increased its HR ex-works prices by RMB 50/mt ($7/mt) compared to the levels announced on May 11, which in turn constituted a rise of RMB 30/mt ($4/mt) from the levels issued on May 6.
The above price includes 17 percent VAT.
US$1 = RMB 6.82