Wuhan Iron and Steel Group (Wisco), a Hubei Province and reputable large state-owned integrated steel company announced to raise its domestic prices for hot rolled coils (HRC) by RMB130/ton for September.
Also, Wisco increased the list prices for cold rolled coils ad plates (CRC) by RMB100/ton and hiked the prices for hot-dipped galvanized steel coils by RMB80/ton.
After adjustment, the prices for Q235 HRC with thickness of 5.5mm are at RMB3,740/ton; those for Q195 CRC with thickness of 1.0mm are at RMB4,250/ton, including 17% VAT.