October Prices of Wuxi NewDaZhong

SteelOrbis Shanghai On October 8, 2006, Jiangsu province-based steel producer Wuxi NewDaZhong released its October ex-factory product prices. The ex-factory price of both galvanized coil and color coated coil increased RMB 150/mt ($19). After adjustment, the new price of 0.5 mm thick galvanized coil is RMB 6,300/mt ($797) including 17 percent VAT, that of 1.0 mm thick galvanized coil is RMB 5,850/mt ($741) including 17 percent VAT. Meanwhile, the new price of 0.4 mm thick color coated coil is RMB 7,300/mt ($924) including 17 percent VAT, that of 0.47 mm thick color coated coils is RMB 6,900/mt ($873) including 17 percent VAT.