Jiangsu Province-based Chinese steel producer Shagang Group has issued its ex-mill prices for hot rolled coils, for delivery in the month of November. The details are as follows:
The producer's HRC prices for November have remained unchanged compared to its late October levels. As a result, its price for Q235 5.5 mm HRC is still at RMB 4,400/mt ($658/mt), while its price for SPHC 5.5 mm Q235 HRC is unchanged at RMB 4,500/mt ($673/mt).
The above prices are ex-mill, include tax and are effective from November 1.
US$1 = RMB6.68