SteelOrbis Shanghai
On December 7, 2006, Jiangsu Province-based Meishan Co. Ltd. (Meishan), a subsidiary of
Baosteel Group, released its January 2007 ex-factory prices for hot rolled coil/sheet. The new prices are unchanged compared with December 2006.
As a result, the new price of 3.00 mm thick Q235
HRC is still at RMB 3,650/mt ($466), while that of >3.5 mm thick Q235
HRC is RMB 3,500/mt ($447).
The above prices exclude 17 percent VAT.