The producer's HR prices have decreased by RMB 170/mt ($24/mt) from fifteen days ago. Following the adjustment, the new price of 5.5 mm Q235 is now at RMB 3,080/mt ($451/mt).
The above price includes 17 percent VAT.
US$1 = RMB 6.82
Laiwu Steel reduces HR prices for second half of April
On April 15, Shandong Province-based Laiwu Steel announced a downward adjustment to its HR ex-works prices for the second half of April, effective immediately.
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Laiwu