SteelOrbis Shanghai
On December 11, Jiangsu Province-based steelmaker Shagang issued its longs prices for mid-December, making no change from early December levels. The details are as follows:
1. Rebar prices have remained the same as early December levels. Thus, the price of 14-25 mm diameter HRB 335 is still at RMB 3,640/mt ($532/mt).
2. High speed wire rod prices have also remained constant. As a result, the price of 6.5 mm Q235 is still at RMB 3,550/mt ($519/mt).
The above prices include 17 percent VAT and are effective from December 11 to December 20, 2008.
$1 = RMB 6.84