On August 1, Jiangsu Province-based Chinese steel producer Shagang Group issued its ex-mill hot rolled coil (HRC) prices for early August (August 1-10). The details are as follows:
The producer's HRC price has increased by RMB 50/mt ($7/mt) as compared to its previous price published on July 21. As a result, its new price for 5.5 mm Q235 HRC stands at RMB 4,250/mt ($627/mt), while its price for SPHC 5.5 mm HRC is RMB 4,350/mt ($642/mt).
The above prices are ex-mill, inclusive of tax and effective from August 1.
US$1 = RMB 6.77