Shougang, one of the largest steel companies in China informed its trade agents to raise the prices of hot rolled and cold rolled coils by RMB180/ton and RMB180~RMB250/ton respectively for March.
Also, the company decided to increase its prices for hot dipped galvanized coils by RMB180~RMB230/ton.
After the adjustment, the company's prices for Q235 HRC with thickness of 5.5mm are at RMB3, 770/ton.
Meanwhile, it's known that Shougang has almost resumed its No.2 blast furnace at its Jingtang works. The company planned to ship around 55%~70% of its commercial HRC in March, in comparison of 10%~20% in February.