Reportedly, China's Qi Feng Group announced to cut the steel strip prices by RMB70/ton averagely on October 20th.
After adjustment, the prices of Q195-215 steel strip in dimension of 2.5mm x 145mm~240mm are at RMB4,330/ton; that for Q195-215 steel strip in dimension of 2.5mm x 241mm~360mm is at RMB4,350/ton and that of Q195-215 steel strip in dimension of 2.5mm x 360mm above is at RMB4,380/ton.
The above prices include taxes and will become effective from October 20th, 2011