Laiwu Steel reduces HR price for December
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.
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