Shagang slashes ex-factory prices for late October

Tuesday, 21 October 2008 09:24:24 (GMT+3)   |  
       

SteelOrbis Shanghai

On October 21, Jiangsu Province-based Shagang issued its ex-factory prices for late October. The details are as follows:

1. Rebar prices have decreased by RMB 400/mt ($59/mt) from mid-October levels. As a result, the price of 14-25 mm diameter HRB 335 is at RMB 3,600/mt ($527/mt).

2. Common carbon high speed wire rod prices are down by RMB 500/mt ($73/mt). Thus, the price of 6.5 mm Q235 is at RMB 3,500/mt ($512/mt).

All the above prices include 17 percent VAT and are effective from October 21 to October 31.

$1 = RMB 6.83


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