Channel “U” profile price in China
The market price of 160 mm x 65 mm x 8.5 mm channel “U” profile in Shanghai, China increased RMB 20/mt ($3/mt) at the beginning of the week to RMB 3,080/mt ($387/mt), including 17% VAT on a theoretical basis. Meanwhile, prices in the other regions are stable. Mostly, Masteel's products are being sold in the Shanghai market. Although section steel prices are generally stable in China at the moment, an upturn is expected in the forthcoming weeks.