September 07, 2008

Tangsteel issues CR and HR steel price policy for February

It is reported that Tangsteel has issues price policy for February on January 25th 2008 as under.

1. Keep the EXW price of HR coiled sheet unchanged and now EXW prices of Q2352.75mm HR coiled sheet and 5.5mm HR sheet are CNY 4,780 per tonne and CNY 4,650 per tonne respectively.

2. Raise the EXW price of CR coiled sheet up by CNY 100/ton and now the EXW price of SPCC1.0mm CRC is CNY 5,500 per tonne.

3. Raise the EXW price of CR chill coil up by CNY 100 per tonne and now the EXW price of SPCC1.0mm coil is CNY 5,050 per tonne.

4. Raise the EXW price of acid washed steel up by CNY 120 per tonne.

All prices above include 17% VAT and the price policy starts since January 25th 2008.