No changes in Panzhihua's prices for Q1 2007

SteelOrbis Shanghai Sichuan province-based Panzhihua New Steel & Vanadium Company Limited announced its 2007 Q1 price list on November 30, 2006. There were no changes in the company's HRC, CRC and galvanized coil prices. The prices are as follows: 1. The price of 3.0 mm thick Q235 HRC is still RMB 3,838/mt ($490), while that of 5.5 mm thick Q235 HRC is RMB 3,604/mt ($460). 2. The price of 1.0 mm thick ST12 CRC is still RMB 4,680/mt ($597). 3. 1.0 mm thick JY [140-180g/m2] galvanized coil still at RMB 5,756/mt ($734). The above prices include taxes and are effective as of January 1, 2007.