SteelOrbis Shanghai
On September 21, Jiangsu Province-based Shagang announced its ex-factory prices for late September. The details are as follows:
1. Rebar prices have declined by RMB 250/mt ($37/mt) from mid-September levels. As a result, the price of 14-25 mm diameter HRB 335 is at RMB 4,700/mt ($689/mt).
2. Common carbon high speed wire rod prices are down by RMB 200/mt ($29/mt). Thus, the price of 6.5 mm Q235 is at RMB 4,750/mt ($696/mt).
All the above prices include 17 percent VAT and are effective from September 21 to September 30.
$1 = RMB 6.82