SteelOrbis Shanghai
On August 21, Jiangsu Province-based Shagang announced its ex-factory prices for late August. The details are as follows:
1. Rebar prices have declined by RMB 150/mt ($22/mt) from mid-August levels. As a result, the price of 14-25 mm diameter HRB 335 is at RMB 5,150/mt ($752/mt).
2. Common carbon high speed wire rod prices are down by RMB 300/mt ($44/mt). Thus, the price of 6.5 mm Q235 is at RMB 5,250/mt ($766/mt).
All the above prices include 17 percent VAT and are effective from August 21 to August 31.
$1 = RMB 6.85