On March 18, Chinese Guangdong Province-based steelmaker Shaoguan Steel issued new ex-factory prices for its flat products. The details are as follows:
The producer has cut its prices for common carbon plate and low alloy plate by RMB 100/mt ($15/mt). Following the adjustment, the price in Guangzhou of Q235 20 mm common carbon plate stands at RMB 3,600/mt ($527/mt).
The producer's price of shipbuilding plate has fallen by RMB 150/mt ($22/mt). Thus in Guangzhou the price of CCSA 20mm shipbuilding plate is now RMB 3,850/mt ($564/mt).
The above prices include taxes (17 percent VAT) and are effective as of March 18.