Hengtong reduces HDG ex-factory price

SteelOrbis Shanghai On March 20, Hebei Province-based Tangshan Hengtong hot dipped galvanized coil maker made a downward adjustment to its ex-factory price for HDG. The producer's new HDG price shows a decrease of RMB 200/mt ($26) compared to the previous level. After adjustment, the price of 0.5 mm thick HDG is RMB 5,900/mt ($763), while that of 1.0 mm thick HDG is RMB 5,400/mt ($699). All the above prices include 17 percent VAT and are effective as of March 20, 2007.