Laiwu Steel, with its parent company of Shandong Steel Group, adjusted sections EXW prices on the basis of October 21 price change.

H beam: down CNY 200 per tonne.
200*200mm H beam is priced at CNY 4450 per tonne
500*200 H beam at CNY 4540 per tonne.

I beam and channel: down CNY 200 per tonne.
16-25# I beam is quoted at CNY 4400 per tonne
36# I beam at CNY 4520 per tonne
28# channel at CNY 4400 per tonne.

All the prices above include VAT and are effective from November 1 2011.

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