SteelOrbis Shanghai
On October 17, 2006,
Baotou Steel adjusted its ex-factory prices of
galvanized coil, increasing them by RMB 100/mt ($13). After the adjustment, the new price of 1.0 mm SGCC
galvanized coil, effective from October 17, is RMB 5,300/mt ($670) including 17 percent VAT.
Baotou Steel is based in Inner
Mongolia Autonomous Region of
China and it has 5 million metric tons per annum steel
production capacity.