July 24, 2008

Nanjing increases steel plate prices

China’s Nanjing Iron & Steel Union announced to increase the steel plate price, effective from April 1st 2008.

The new price rise will be CNY 300 tonnes for ship plate and CNY 600 per tonnes for heavy plate, low alloy plate, boiler plate and vessel plate.

The current price for Q235 with thickness from 16mm to 20mm is about CNY 5,780 per tonnes.