On April 1, Jiangsu Province-based Chinese steel producer Shagang announced its HRC ex-factory prices for April. The details are as follows:
HR coil prices have declined by RMB 120/mt ($18/mt) compared with the prices for late March. Following the adjustment, the new price of 5.75 mm x 1,500 mm x C Q235B is at RMB 3,280/mt ($480/mt), while that of 2.0 mm x 1,250 mm x C SPHC stands at RMB 3,800/mt ($556/mt).
The prices, which include 17 percent VAT, will be in effect for the whole month of April.
Please click here to see the new longs prices of Shagang.
$1 = RMB 6.83