SteelOrbis Shanghai
On February 11, Jiangsu Province-based Shagang announced its ex-factory prices for mid-February. The details are as follows:
1. Rebar prices have remained constant. Thus, the price of 14-25 mm diameter HRB 335 is still at RMB 3,870/mt ($567/mt).
2. Common carbon high speed wire rod prices have increased by RMB 30/mt ($4/mt) from early February levels. As a result, the price of 6.5 mm Q235 has risen to RMB 3,930/mt ($575/mt).
All the above prices include 17 percent VAT and are effective from February 11 to February 20.
$1 = RMB 6.83