SteelOrbis Shanghai
On January 18, 2007, Inner
Mongolia Autonomous Region-based
Baotou Steel released ex-factory prices for some of its products for February 2007.
The ex-factory price of HR increased RMB 250/mt ($32/mt). After this adjustment, the new price of 5.5 mm thick Q235
HRC is RMB 3,850/mt ($495/mt).
The ex-factory price of CR increased RMB 300/mt ($39/mt). After adjustment, the new price of 1.0 mm thick SPCC
CRC is RMB 4,900/mt ($631/mt).
Meanwhile, the ex-factory price of Full Hard increased RMB 150/mt ($19/mt). After adjustment, the new price of 1.0 mm thick SPCC Full Hard is RMB 4,400/mt ($566/mt).
Finally, the ex-factory price of HDG remained unchanged, and so the price of 1.0 mm thick SGCC HDG is still at RMB 5,300/mt ($582/mt).
The above prices all include 17% VAT and are effective as of January 16, 2007.