On March 17, Chinese steelmaker Shougang announced a downward adjustment to its ex-factory medium plate prices for April. The details are as follows:
The producer has cut all its medium plate prices by at least RMB 150/mt ($22/mt). Following the adjustment, the price of Q235 16-25 mm material stands at RMB 4,250/mt ($622/mt), while Q345 16-25 mm costs RMB 4,450/mt ($652/mt).
In addition, the producer's price of shipbuilding plate is down by RMB 300/mt ($44/mt).