On August 3, Rizhao Steel adjusted the price of the profile on the basis of the price adjustment information on July 23, as follows:

1. The ex-factory price of H-beam steel is reduced by 50 yuan/ton. The current price of Q235 200*200mm H-beam steel in Shanghai is 3,553 yuan/ton; the ex-factory price in Shandong is 3,553 yuan/ton.

2. The ex-factory price of I-beams is reduced by RMB 50/t. The ex-works price of Q235 25# I-beams in Shanghai is now RMB 3,603/t, and the ex-factory price in Shandong is RMB 3,593/t;

3. The ex-factory price of channel steel is reduced by RMB 50/t. The current Q235 16# channel price in Shanghai is RMB 3,693/t, and the ex-factory price in Shandong is RMB 3,683/t.

The above are ex-factory prices including tax, and the implementation date starts from August 3, 2012.