Wuxi NewDaZhong releases August price list

SteelOrbis Shanghai Jiangsu province based steel producer Wuxi NewDaZhong released its August ex-factory price list on July 31, 2006. The ex-factory prices of galvanized coils decreased RMB 750/mt ($94); and that of color coated coils decreased RMB 700/mt ($88). After the adjustment, the new price of 0.5 mm thick galvanized coils became RMB 6,050/mt ($759), and that of 1.0 mm thick galvanized coil became RMB 5,600/mt ($703). The price of 0.4 mm thick color coated coils became RMB 7,050/mt ($885), and that of 0.47 mm thick color coated coils became RMB 6,700/mt ($841). 17 percent VAT is included in all prices.