It is reported that Baosteel unveiled its price change details for November 2008 productions with prices of HRC and CRC both cut by CNY 800 per tonne.

1. HRC down by CNY 800 per tonne.
2. HR PO down by CNY 800 per tonne.
3. CRC down by CNY 800 per tonne.
4. CR Full Hard down by CNY 500 per tonne
5. HDG down by CNY 700 per tonne
6. Galvalume down by CNY 500 per tonne
7. EG and Fingerprint-proof EG down by CNY 900 per tonne
8. PPGI down by CNY 300 per tonne
9. Silicon steel down by CNY 300 per tonne to CNY 800 per tonne
10. Electro-Tin Plate down by CNY 700 per tonne

All price changes listed above are made on top of October basis, EXCLUSIVE of 17% VAT except stated otherwise and will come into force as of the date of issuance.