SteelOrbis Shanghai
On January 11, Jiangsu Province-based steelmaker Shagang issued mid-January prices for its long products, making no change from early January levels. The details are as follows:
1. Rebar prices have remained the same as early January levels. Thus, the price of 14-25 mm diameter HRB 335 is still at RMB 4,600/mt ($632/mt).
2. High speed wire rod prices have also remained constant. As a result, the price of 6.5 mm Q235 is still at RMB 4,600/mt ($632/mt).
The above prices include 17 percent VAT and are effective from January 11 to January 20, 2008.
Also on January 11, Shagang announced a retroactive, preferential price discount for its agents of RMB 100/mt ($14/mt) for early January shipments.