Masteel adjusts the ex-factory prices for its H-beam

SteelOrbis Shanghai On April 24, Anhui Province-based Masteel released its May ex-factory prices for H-beam products. The details are as follows: The ex-factory price of 250 mm x 250 mm and 300 mm x 300 mm H-beam increased RMB 180/mt ($23/mt), while that of other large H-beam sizes increased RMB 130/mt ($17/mt). In addition, the ex-factory price of 200 mm x 100 mm and 150 mm x 150 mm H-beam increased RMB 20/mt ($3/mt), while the ex-factory prices of other small H-beam sizes remained unchanged. All the above prices exclude 17 percent VAT and are effective as of May 1, 2007.