Tanggang announces flat prices for November

SteelOrbis Shanghai On October 26, 2006, Hebei province-based Tangshan Iron & Steel Group Co. Ltd (Tanggang) released its November ex-factory prices of hot rolled and cold rolled coils. In addition, Tanggang also adjusted its agreed prices of HR and CR for October. The November price of HR and CR remained unchanged compared with October. The price of >3.5 mm thick Q235 hot rolled coil is RMB 3,900/mt ($494), while that of 1.0 mm thick SPCC cold rolled coil is RMB 4,500/mt ($570). Meanwhile, after adjustment to its agreed October prices, >3.5 mm thick Q235 hot rolled coil is RMB 3,750/mt ($475), while the price of 1.0 mm thick SPCC cold rolled coil is RMB 4,460/mt ($565). All above prices include 17% VAT.