Reportedly, Tianjin Qifeng announced to cut the prices for hot rolled (HR) strips by RMB30/ton averagely for domestic market on December 9th.
After the adjustment, the ex-factory prices of Q195-215 HR strip in dimension of 2.5mm x 145mm~240mm are at RMB4,220/ton; that in dimension of 2.5mm x 241mm~360mm is at RMB4,220/ton and that in dimension of 2.5mm x 360mm above is at RMB4,250/ton.
The above prices include taxes and become effective after the announcement