Slabs in local Chinese markets

SteelOrbis has learnt that 160 mm x 1,250 mm Q195-Q235 slabs are being sold in local Chinese markets at around RMB 3,100/mt ($387/mt) including 17 percent VAT for 90 days deferred payment. The availability of slabs is very tight and even the major slab supplier Jinan Steel stopped selling slab. Tangshan Steel and Shagang, two other major slab suppliers, are still selling products but also have low inventories.