Shagang ups its ex-factory hot rolled prices for August

The producer's common carbon HR coil prices have risen by RMB 700/mt ($102/mt) compared with the prices for July, while SPHC coil prices are up RMB 800/mt ($117/mt). Following the adjustment, the new price of 5.75 mm x 1,500 mm x C Q235B is at RMB 4,500/mt ($659/mt), while that of 2.0 mm x 1,250 mm x C SPHC stands at RMB 5,230/mt ($766/mt).

The above prices include 17 percent VAT and will remain in effect for the whole month of August.

$1 = RMB 6.83