Shagang announces unchanged prices for December

SteelOrbis Shanghai On December 1, Jiangsu province-based Shagang Group announced its latest ex-factory prices for December. The details are as follows. 1. Rebar prices have remained unchanged from late-November levels. The price of 14-25 mm diameter HRB335 is still at RMB 3,080/mt ($393). 2. Prices of high speed wire rod remain constant. The price of 6.5 mm diameter Q235 is still at RMB 3,300/mt ($421). 3. HR sheet prices have also remained unchanged. The price of 5.75 mm Q235 is still at RMB 3,800/mt ($485), while that of 1,055-1,249 mm SPHC is at RMB 4,120/mt ($526). All the above prices include 17 percent VAT. They are effective from December 1 to December 10 for long products, and throughout December for HR sheet.