Reportedly, Tianjin Qifeng announced to cut the prices for hot rolled (HR) strips by RMB40/ton averagely for domestic market on December 26th.
After the adjustment, the ex-factory prices of Q195 HR strip in dimension of 2.5mm x 145mm~240mm are at RMB4,130/ton; that in dimension of 2.5mm x 241mm~360mm is at RMB4,130/ton and that in dimension of 2.5mm x 360mm above are at RMB4,160/ton.
The above prices include taxes and have become effective from December 26th, 2011