Jiangsu Province-based Shagang Group, China’s largest private steelmaker, has issued its list price for steel plate for July this year.
Accordingly, the company has cut its offer price for Q235 14-29.9 mm steel plate by RMB 200/mt ($28/mt) to RMB 4,150/mt ($582/mt) ex-works.
In June, the producer had raised its offer price for Q235 14-29.9 mm steel plate by RMB 100/mt ($14/mt) to RMB 4,350/mt ($613/mt) ex-works.