Panzhihua New Steel & Vanadium announces Q4 prices

SteelOrbis Shanghai Panzhihua New Steel & Vanadium Company Limited announced its Q4 price list on August 31. The details are as follows: 1. The price of HRC with thickness < 5.5 mm decreased RMB 351/mt ($44). The new price of 3.0 mm Q235 is RMB 3,838/mt ($482). Price of HRC with thickness ≥ 5.5 mm decreased RMB 410/mt ($52), and the new price of 5.5 mm Q235 has become RMB 3,604/mt ($459). 2. CRC price decreased RMB 527/mt ($66). The new price of 1.0 mm ST12 is RMB 4,680/mt (588$). 3. Galvanized coil price increased RMB 351/mt ($ 44). The new price of 1.0 mm JY [140-180g/m2] is RMB 5,873/mt ($738). The above prices include taxes and are effective for the shipments after October 1, 2006.