Lianyuan Steel increases HR prices

SteelOrbis Shanghai Hunan province-based Lianyuan Steel announced a new price list on September 15, 2006. The ex-factory price of hot rolled products increased RMB 30/mt ($4). After the adjustment, the new base price of 2.75 mm Q235 hot rolled coil was RMB 3,970/mt ($500), that of 5.5 mm Q235 hot rolled coil became RMB 3,790/mt ($477). The ex-factory prices of cold rolled and galvanized iron remained unchanged. The base price of 1.0 mm thick cold rolled coil is RMB 4,510/mt ($568); and that of 1.0 mm thick galvanized iron is RMB 5,520/mt ($695). The above prices include 17 percent VAT and are effective as of September 15.