It’s reported that the Chinese steelmaker Shagang announced to cut domestic prices for hot rolled coils by RMB200/ton for October. Also, the company reduced its domestic prices for steel plates by RMB150/ton for October. After the adjustment, the company’s list prices for Q235 HRC with thickness of 5.5mm are at RMB3,550/ton; those for SPHC HRC with thickness of 3.0mm are at RMB3,600/ton, including 17% VAT. The new prices have become effective from October 1st.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=66606&division=A2
