SteelOrbis Shanghai
On December 1, 2006, Shandong province-based
Laiwu Steel announced a downward adjustment in the ex-factory price of its HR products.
The price of hot rolled coil decreased RMB 50/mt (6$). After the adjustment, the new price of 5.5 mm thick
HRC is RMB 3,560/mt ($455), including 17 percent VAT.