Price adjustment of LaiWu Steel HR products

SteelOrbis Shanghai On October 31, 2006, Shandong province-based LaiWu Steel adjusted its ex-factory price for HR products. The price of hot rolled coil decreased RMB 80 per ton ($10). After adjustment, the new price of 4.5 mm thick HRC is RMB 3,610 per ton ($459, 17% VAT included).