On June 15, Shandong Province-based Chinese steelmaker Laiwu Steel announced an upward adjustment to its HR ex-works prices for June to take effect immediately. The details are as follows:
The producer's HR prices have increased by RMB 50/mt ($7/mt) from the levels announced on June 8. As a result, the new price of 5.5 mm Q235 is now at RMB 3,470/mt ($508/mt).
On June 8, Laiwu Steel had increased its HR ex-works prices by RMB 20/mt ($2/mt) compared to the levels announced on May 21, which in turn constituted a rise of RMB 20/mt ($2/mt) from the levels issued on May 15.
The above price includes 17 percent VAT.
US$1 = RMB 6.83