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