|
Product |
Price |
Price change |
Sales term |
|
L08-10 steelmaking pig iron (Shanghai) |
RMB 3,050/mt ($450/mt) |
+RMB 100/mt |
Ex-works |
The local Chinese market price includes 16 percent VAT.
Exchange rate fluctuations are taken into consideration when calculating the weekly price changes. Since the Chinese steel markets were on holiday for the Chinese New Year (February 2-10), the weekly price changes are as compared to the price levels recorded on February 1.
$1 = RMB 6.78
Source: SteelHome