Northeast China based Benxi Steel has announced to cut November prices by CNY 180 per tonne to CNY 450 per tonne for major steel products including HR, CR, GI and PPGI.

1. HR
HR price down by CNY 180 per tonne
Q235 5.5*1500mm*C latest price stands at CNY 3,000 per tonne
2.75 3.0*1500mm*C price stands at CNY 3,070 per tonne

2. CR
CR down by CNY 400 per tonne
Full hard price down by CNY 300 per tonne
SPCC 1.0*1250mm*C is quoted at CNY 4,040 per tonne
SPCC 1.0*1250mm*C full hard at CNY 3,360 per tonne

3. GI
GI price down by CNY 450 per tonne
SGCC 1.0*1250mm*C price is CNY 4,140 per tonne

4. PPGI
PPGI price down by CNY 200 per tonne
EXW price for TDC51D 0.476mm is offered at CNY 5,450 per tonne

Prices listed above are exclusive of 17% VAT effective as of October 21st 2009.

(Sourced from MySteel.net)
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