Taiyuan Iron & Steel Group (Tisco) announced to cut ex-factory prices of hot rolled coil (HRC) for December on November 24th.
After the adjustment, the December ex-factory prices of Q235 HRC in a dimension of 5.5mm are at RMB3,590/ton, down by RMB300/ton; that of Q345B HRC in a dimension of 5mm is at RMB3,470/ton, decreased by RMB320/ton; that of SPHC HRC in a dimension of 2.75mm is at RMB3,760/ton, dropped by RMB320/ton, all compared to that in a month earlier.
The above prices do not induced taxes and have become effective from November 24th, 2011