Reportedly, Tianjin Qifeng announced to hike the prices for hot rolled (HR) strips by RMB20/ton averagely for domestic market on March 14th, 2012.
After the adjustment, the ex-factory prices of Q195 HR strip in dimension of 2.5mm x 145mm~240mm are at RMB4,180/ton; that in dimension of 2.5mm x 241mm~360mm is at RMB4,180/ton and that in dimension of 2.5mm x 360mm above is at RMB4,200/ton.
The above prices include taxes and have become effective from March 14th, 2012.