Reportedly, Tangshan Ruifeng Steel announced the domestic price policy for steel strip on January 8th, 2012.
The company decided to cut the ex-factory prices of Q195 hot rolled (HR) strip in dimension of 2.5mm x 145mm ~204mm by RMB20/ton to RMB3,910/ton and to decrease the ex-factory prices of Q195 HR strip in dimension of 2.5mm x 285mm~355mm by RMB20ton to RMB4,000/ton.
The above prices include taxes and have become effective from January 8th, 2012