Jiangsu Province-based Chinese steelmaker Shagang Group has announced the latest adjustment in its ex-mill prices for its main flat steel products, effective for July. The details are as follows (comparisons being with prices for June):
1. Hot rolled coil (HRC): prices of Q235 HRC are down by RMB 150/mt ($23/mt), while SPHC HRC prices have been reduced by RMB 150/mt ($23/mt). Thus, the new price of 5.5 mm x 1,500 mm Q235 HRC is RMB 4,800/mt ($739/mt), while the price of 5.5 mm x 1,250 mm SPHC HRC stands at RMB 4,800/mt ($739/mt).
2. Medium plate prices have been reduced by RMB 200/mt ($30/mt). As a result, the new price of 14-20 mm Q235 medium plate is at RMB 4,900/mt ($755/mt).
All the above prices are ex-mill, include 17 percent VAT and are effective from July 1.
US$1 = RMB 6.49