On December 1, 2010, Jiangsu Province-based Chinese steel producer Shagang Group has issued its ex-mill price for hot rolled coils, effective for the month of December.
Accordingly, the producer's price for 5.5 mm Q235 HRC is RMB 4,400/mt ($659/mt).
The above price is ex-mill, includes tax and is effective from December 1.
US$1 = RMB 6.67