Jiangsu Province-based Shagang Group, China’s largest private steelmaker, has issued its list prices for steel plate for August this year.
Accordingly, the company has cut its offer prices for Q235 14-29.9 mm steel plate by RMB 250/mt ($35/mt) to RMB 3,900/mt ($547/mt) ex-works.
In July, the producer had 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.