Reportedly, Tangshan Ruifeng Steel announced the domestic prices for steel strip on December 31st. 2011.
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 RMB3,990/ton.
Meanwhile, it remained the ex-factory prices of Q195 HR strip in dimension of 2.5mm x 285mm~355mm unchanged at RMB4,000/ton.
The above prices include taxes and have become effective from December 31st, 2011