The Chinese steelmaker Shagang announced to raise its domestic prices for hot rolled coil (HRC) by RMB170/ton for August.
After the adjustment, its list prices for Q235 HRC with thickness of 5.5mm are at RMB3, 700/ton with 17% VAT.
Besides, Shagang hiked its steel plate prices by RMB50/ton for August, taking its Q235 steel plates with thickness of 20mm to RMB3,700/ton with 17% VAT.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=65669&division=A2
