SteelOrbis Shanghai
On July 27, Guangdong Province-based Shaoguan Steel hiked its ex-factory prices for longs by RMB 50/mt ($7/mt). The details are as follows:
Rebar prices have increased RMB 50/mt ($7/mt). As a result, the price of 18-25 mm diameter HRB 335 rebar is now at RMB 3,680/mt ($487/mt).
Wire rod prices have gone up RMB 50/mt ($7/mt). Thus, the price of 6.5-10 mm diameter Q235 high speed wire rod is at RMB 3,670/mt ($485/mt).
The above prices include 17 percent VAT and are effective as of July 27, 2007.