SteelOrbis Shanghai
On November 18, Hansteel announced the following ex-works prices, effective from November 18 to November 27:
1. Wire rod prices have decreased by RMB 90/mt ($13/mt) from ten days previous. Thus, for common carbon high speed wire rod, the price of 6.5 mm Q235 is now at RMB 3,530/mt ($517/mt).
2. Rebar prices have decreased by RMB 80/mt ($11/mt) and so the price of 16-25 mm HRB 335 is now at RMB 3,760/mt ($551/mt).
3. Round bar prices have decreased by RMB 80/mt ($11/mt) from ten days previous. The price of 16-25mm Q235 is now at RMB 3,800/mt ($557/mt)
3. Common carbon plate prices have decreased by RMB 150/mt ($21/mt) and so the prices of 14-25 mm Q235B now stand at RMB 3,400/mt ($498/mt)
4. Angle prices have decreased by RMB 80/mt ($11/mt) from ten days previous, and so the price of 7-9 Q235 is at RMB 3,500/mt ($513/mt)
6. Channel prices have decreased by RMB 80/mt ($11/mt) from ten days previous. Thus, the price of #8-10 Q235 is now at RMB 3,530/mt ($517/mt)
All the prices above include 17 percent VAT.
US$1 = RMB 6.82