CRU to Publish Weekly Italian and Chinese Steel Sheet Price Assessments

LONDON, March 2, 2011 - Following extensive research and development, CRU will publish definitive
weekly Italian hot-rolled coil, Chinese hot-rolled, cold-rolled and
hot-dipped galvanised coil indices each Wednesday from 2nd March 2011.

Chris Houlden, Editor of the CRU Steel Sheet Products Monitor, stated,
"Following the success of our weekly US steel sheet indices we plan to
increase the frequency of a number of spot price assessments published in the
Monitor from monthly to weekly. Having an established team of analysts in our
Beijing office has enabled us to make the transition to weekly Chinese prices
without compromising the robustness of the assessments. Furthermore, to
compliment hot-rolled coil, we hope to have definitive Italian cold-rolled
and hot-dipped galvanised assessments by Q2, 2011."

When asked what instigated the move, Mr Houlden added, "Having more
frequent assessments of regional prices allows us to undertake even more
comprehensive analysis of domestic and international markets for finished
steel products, helping us deliver greater value for our clients."

Notes for editors

CRU Indices is a division of CRU Group - the world's leading
independent authority on metals, mining, fertilizers and chemicals who
publish market leading, independent price assessments for carbon steel. CRU's
US Midwest hot-rolled coil index is used in the settlement of CME's
Hot-rolled coil steel futures contract. For further information, visit
www.cruindices.com

* CRU's Steel Sheet Products Monitor covers the global market for steel
sheet products providing accurate price assessments, accurate market
commentary and analysis. Samples available at
www.crumonitor.com

    Contacts

    Chris Houlden
    Principal Consultant, Carbon Steel
    CRU Analysis
    Tel: +44-20-7903-2115
    Email: chris.houlden@crugroup.com

    Glenn Cooney
    Head of Operations
    CRU Indices
    Tel: +44-20-7903-2056
    Email: glenn.cooney@crugroup.com

Contacts: Chris Houlden, Principal Consultant, Carbon Steel, CRU Analysis, Tel: +44-20-7903-2115, Email: chris.houlden at crugroup.com; Glenn Cooney, Head of Operations, CRU Indices, Tel: +44-20-7903-2056, Email: glenn.cooney at crugroup.com