Taiyuan Iron & Steel Group announced to cut ex factory prices of hot rolled coil for December on November 24th 2011.

After the adjustment, the December EXW prices of Q235 HRC in a dimension of 5.5mm are at CNY 3,590 per tonne down by CNY 300 per tonne that of Q345B HRC in a dimension of 5mm is at CNY 3,470 per tonne decreased by CNY 320 per tonne that of SPHC HRC in a dimension of 2.75mm is at CNY 3,760 per tonne dropped by CNY 320 per tonne.

The above prices do not induced taxes and have become effective from November 24th 2011.

(Sourced from www.yieh.com)