East China round billet mills up offers by Yuan 50/mt

  • Monday, 15:40 24/09/2018 .
  • Major eastern Chinese producers of round steel billet are raising list prices by Yuan 50/mt ($7/mt) for sales over September 21-30, market sources said Friday.

    As a result, prices for 20# 50-130 mm rounds sourced from Zenith Steel Group and Changqiang Iron & Steel -- major producers in Jiangsu province -- will be Yuan 4,800/mt and Yuan 4,750/mt, respectively, for September 21-30 sales, ex-works including 16% value-added-tax.

    Huaigang Special Steel, another major supplier of round billet also based in Jiangsu, said it would roll over its ex-works price for semis at Yuan 4,780/mt for September 21-30 sales, ex-works and including VAT.