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