Reportedly, Tangshan Ruifeng Steel announced the domestic price policy for steel strip on February 28th, 2012.
The company decided to hike the ex-factory prices of Q195 hot rolled (HR) strip in dimension of 2.5mm x 145mm ~204mm by RMB40/ton to RMB4,030/ton and to increase the ex-factory prices of Q195 HR strip in dimension of 2.5mm x 285mm~355mm by RMB50/ton to RMB4,020/ton.
The above prices include taxes and have become effective from February 28th, 2012.