SteelOrbis Shanghai
On July 31, Guangdong Province-based Shaoguan Steel again hiked its ex-factory prices for longs.
Rebar prices have increased RMB 70/mt ($9/mt). As a result, the price of 18-25 mm diameter HRB 335 rebar is now at RMB 3,750/mt ($495/mt).
Wire rod prices have also gone up RMB 70/mt ($9/mt). Thus, the price of 6.5 mm diameter Q235 high speed wire rod is at RMB 3,740/mt ($494/mt).
The above prices include 17 percent VAT and are effective as of July 31, 2007.