SteelOrbis Shanghai
On May 21, Jiangsu Province-based steelmaker Shagang released its long product ex-factory prices for late May. The details are as follows:
1. Rebar prices have remained unchanged. Thus, the price of 14-25 mm diameter HRB 335 is still at RMB 3,540/mt ($461/mt).
2. Wire rod prices have risen RMB 50/mt ($7/mt). As a result, the price of 6.5 mm diameter Q235 is now at RMB 3,900/mt ($508/mt).
The above prices include 17 percent VAT and are effective from May 21 to May 31, 2007.