Steel

Test results are available upon request

2^nd DLC issued to the proposed shipping company, which we would advise on in due time.                           
Prices valid until Dec 31, 2007.

 separate LC would have to be issued to the shipping company for its services. Both LC will be concurrent in respect to its complete draw down.
1^st DLC issued to purchase the rebars shall be Irrevocable, Confirmed and Transferable, 100% at sight against shipping documents. Applicants bank must be acceptable to us.

Thereafter, another

Contracted for and LC issued.

However, before initiating efforts to fix vessel, the USD652/MT US port price must be

 We sell on FOB USA ports basis. Arrangement for shipping could be made.

Price terms and shipping.

Maximum Volume: 1,000,000 MT per Year allocation.

Maximum Volume: 1, 000, 000 MT per Year allocation. Price terms and shipping.