November 22, 2008

Update on domestic CR prices in China

Shanghai
1.0mm sheet made by Angang is posted at CNY 7150 per tonne
2. 1.2mm to 2.0mm sheet from CNY 7080 per tonne to CNY 7100 per tonne
3. 3.0mm sheet is posted at CNY 7850 per tonne
4. 1.0mm coil made by Magang is posted at CNY 7100 per tonne.

Beijing
1. CRC offers remain unchanged with 1.0mm sheet standing at CNY 7100 per tonne.

Guangzhou
1. Angang made 1.0mm sheet is quoted at CNY 7130 per tonne.
2. Angang and Magang made product is from CNY 7020 per tonne to CNY 7050 per tonne up by CNY 20 per tonne to CNY 30 per tonne.

(Sourced from MySteel.net)