CSC announces domestic sales prices for Q1 2007

Taiwanese steelmaker China Steel Corporation (CSC) has announced its local prices for the first quarter of 2007. The new prices are at the following levels:

 

Product                Q1 Price on NT$ basis    Price change 

Hot rolled plate        19,500/mt (approx.$595)         -           
Hot rolled coil         16,500/mt (approx.$503)         -
Cold rolled coil        20,300/mt (approx.$619)         -
Galvanized iron         26,800/mt (approx.$818)     +500/mt (approx.$15)
Electrical steel        20,300/mt (approx.$619)     +1,000/mt (approx.$30)
Wire rod and bar        18,300/mt (approx.$558)     +300/mt (approx.$9) 

1 USD = 32.7650 NT$ All prices are on ex-works basis and include five percent VAT.