On November 23rd 2011, Laiwu Steel, with its parent company of Shandong Steel Group, adjusted steel prices.

1. Carbon structural steel - Up by CNY 30 per tonne
45# 16-75mm carbon structural steel - CNY 4670 per tonne in Shandong

2. Alloy structural steel - Up by CNY 30 per tonne
40Cr 16-75mm alloy structural steel - CNY 4860 per tonne in Shandong

3. Gear steel - Up by CNY30 per tonne
20CrMnTi 16-75mm gear steel - CNY 4910 per tonne in Shandong

4. CrMo steel - Up by CNY 30 per tonne
35-42CrMo 16-75mm CrMo steel - CNY 5550 per tonne in Shandong.

All the prices above include VAT and take effect from November 23, 2011.

Source: www.steelhome.cn

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