Shagang issues ex-factory prices for mid-June

Wednesday, 11 June 2008 10:18:59 (GMT+3)   |  
       

SteelOrbis Shanghai

On June 11, Jiangsu Province-based Shagang announced its ex-factory prices for mid-June. The details are as follows:

1. Rebar prices have increased by RMB 20/mt ($3/mt) from early June levels. As a result, the price of 14-25 mm diameter HRB 335 is now at RMB 5,870/mt ($848/mt).

2. Prices of common carbon high speed wire rod have remained the same as early June levels. Thus, the price of 6.5 mm Q235 is still at RMB 6,220/mt ($899/mt).

3. Prices of C70, C82D, 77A, 42B, and steel cord have jumped up by RMB 120/mt ($17/mt). Following the adjustment, the ex-factory price of 6.5 mm 77A is at RMB 7,230/mt ($1,045/mt), with the price of 6.5 mm 82B at RMB 7,240/mt ($1,046/mt). Meanwhile, prices of 30MnSi, 1008 series, 45# steel, and cold heading steel have remained constant. Thus, the ex-factory price of 6.5 mm 45# hard wire rod is still at RMB 6,900/mt ($997/mt), while that of 6.5 mm 22A cold heading steel is at RMB 6,950/mt ($1,004/mt), with the price of 6.5 mm 35k cold heading steel at RMB 6,880/mt ($994/mt). High carbon wire rod have increased by RMB 100/mt ($14/mt), with the new price of 6.5 mm 65# hard wire rod at RMB 7,000/mt ($1,012/mt). An overall upward adjustment of RMB 80/mt ($12/mt) has been made to the ex-factory prices of 5.5 mm for all the above grades.

All the above prices include 17 percent VAT and are effective from June 11 to June 20.

$1 = RMB 6.92


Similar articles

India’s ISWPL firms up projects to ramp up rebar and wire rod capacities

25 Jul | Steel News

Belarus-based BMZ inks several export contracts 

16 Feb | Steel News

Turkey’s Kaptan to expand product portfolio with new wire rod mill

02 Mar | Steel News

Danieli to supply wire rod line and slab caster automation to Turkey’s Habas

17 Nov | Steel News

European long steel buyers use up almost half of import quotas as of late October

23 Oct | Steel News

Canada imposes provisional safeguard measures on certain steel imports

12 Oct | Steel News

Slowdown in Turkey’s steel exports continues in September

17 Sep | Steel News

Chinese rebar and wire rod prices mostly continue their uptrend

15 Oct | Longs and Billet

Steel Scene longs panel: Are dumping cases on the horizon for the US’ wire rod and rebar market?

11 May | Steel News

US stainless steel imports and consumption surge in November

15 Feb | Steel News