Shagang issues ex-factory prices for mid-September

Thursday, 11 September 2008 10:57:05 (GMT+2)

SteelOrbis Shanghai

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

1. Rebar prices have declined by RMB 100/mt ($15/mt) from early September levels. As a result, the price of 14-25 mm diameter HRB 335 is at RMB 4,950/mt ($724/mt).

2. Common carbon high speed wire rod prices have remained constant. Thus, the price of 6.5 mm Q235 is still at RMB 4,950/mt ($724/mt).

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

$1 = RMB 6.84

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