North China mills leave longs prices unchanged for April

SteelOrbis Shanghai On March 28, the five leading northern Chinese mills - Shougang, Tangshan Steel, Xuanhua Steel, Tianjin Steel and Chengde Steel – released unchanged prices for April compared with March levels. The details are as follows: 1. Rebar The price of 16-25 mm diameter HRB335 rebar is at RMB 3,250/mt ($420/mt), 12-14 mm is at RMB 3,350/mt ($433/mt), 16-25 mm diameter HRB400 rebar costs RMB 3,350/mt ($433/mt), while the price of 12-14 mm stands at RMB 3,450/mt ($446/mt). 2. Wire rod The price of 6.5 mm diameter Q235 high speed wire rod is at RMB 3,310/mt ($428/mt). All the above prices include 17 percent VAT and are effective as of April 1, 2007. $1 = RMB 7.73