Taiyuan Steel issues ex-factory HR prices for April

SteelOrbis Shanghai On March 22, Shanxi Province-based Taiyuan Steel released its ex-factory HR product prices for April. Prices of hot rolled coils increased RMB 30-50/mt ($4-6/mt). As a result, the ex-factory price of Q235 3.0 mm is now at RMB 3,720/mt ($481/mt), while that of 5.5 mm is at RMB 3,580/mt ($463/mt). The above prices exclude 17 percent VAT and are effective as of March 22, 2007. $1 = RMB 7.73