SteelOrbis Shanghai
On August 26, Henan Province-based Anyang Steel announced its new ex-factory prices. The details are as follows:
The prices of rebar and wire rod have been reduced by RMB 93.6/mt ($14/mt). After the adjustment, HRB 355 18-25 mm costs RMB 5,060/mt ($740/mt) while Q235 18-25 mm rebar stands at RMB 5,078/mt ($742/mt).
2. Sections:
The producer's price has deceased RMB 93.6/mt ($14/mt) in Guangzhou, Shanghai, Nanjing, Hangzhou and Changzhou, while the price in other regions is down by RMB 70.2/m ($10/mt). As a result, Q235 50 x 5 mm angles cost RMB 5,124/mt ($749/mt), with the price of Q235 6.3-10# channels at RMB 5,077/mt ($742/mt).
3. Medium plate:
The price of medium plate has gone down by RMB 351/mt ($51/mt), and so Q235 14-25 mm now costs RMB 6,084/mt ($889/mt).
The above prices include taxes (17 percent VAT) and are effective as of August 26.