Shagang issues ex-factory prices for mid-May

Monday, 12 May 2008 10:00:06 (GMT+3)   |  
       

SteelOrbis Shanghai

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

1. Rebar prices have remained constant from early May levels. Thus, the price of 14-25 mm diameter HRB 335 is still at RMB 5,500/mt ($786/mt).

2. High speed wire rod prices are up RMB 300/mt ($43/mt). As a result, the price of 6.5 mm Q235 is now at RMB 6,020/mt ($860/mt).

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

$1 = RMB 7.00


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