The producer's HR prices have increased by RMB 30/mt ($4/mt) from the levels of May 6. As a result, the new price of 5.5 mm Q235 is now at RMB 3,300/mt ($483/mt).
The above price includes 17 percent VAT.
US$1 = RMB 6.82
Laiwu Steel raises HR prices for May
On May 11, Shandong Province-based Laiwu Steel announced an upward adjustment to its HR ex-works prices to be effective immediately.
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Laiwu