Shagang releases ex-factory prices for mid-May

Friday, 11 May 2007 10:38:09 (GMT+3)   |  
       

SteelOrbis Shanghai

On May 11, Jiangsu Province-based steelmaker Shagang released its ex-factory prices of long products for mid-May, which showed a considerable increase from early May levels. The details are as follows:

1. Rebar prices increased RMB 160/mt ($21/mt). As a result, the price of 14-25 mm diameter HRB 335 has gone up to RMB 3,540/mt ($460/mt).

2. Wire rod prices have risen RMB 350/mt ($46/mt). Thus, the price of 6.5 mm diameter Q235 is now at RMB 3,850/mt ($501/mt).

The above prices include 17 percent VAT and are effective from May 11 to May 20, 2007.


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