China’s Shagang to raise hot rolled coil list prices for Aug

China’s Shagang to raise hot rolled coil list prices for Aug

China’s steelmaker Jiangsu Shagang Group has announced its price list in the domestic market for August. The company decided to hike its prices for hot rolled coil by RMB380/ton for August.

After prices adjustment, the prices Q235 hot rolled coil with thickness of 5.5mm are at RMB4,030/ton, up by RMB380/ton; the prices of SPHC hot rolled coil with thickness of 4mm are at RMB4,060/ton, up by RMB380/ton, the above prices include 17% VAT, effective on August 1st.

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