SteelOrbis Shanghai
On August 11, Jiangsu Province-based Shagang released its mid-August prices for long products. The details are as follows:
1. Rebar prices have remained the same as early August levels. Thus, the price of 14-25 mm diameter HRB 335 is now at RMB 3,620/mt ($479/mt).
2. High speed wire rod prices have also remained unchanged. Thereby, the price of 6.5 mm Q235 is still at RMB 3,710/mt ($491/mt).
All the above prices include 17 percent VAT and are effective from August 11 to August 20, 2007.