As of April 27, Mysteel's benchmark price for 600mm ultra-high-power (UHP) grade electrodes in East China's Jiangsu province had decreased by Yuan 200/tonne ($30.3/t) on week to Yuan 27,000/t, while that of 350mm diameter electrodes had also declined by Yuan 500/t on week to Yuan 23,500/t, both including the 13% VAT.