Shagang decreases ex-factory prices

SteelOrbis Shanghai On July 11, Shagang, the leading steel mill in eastern China, published the ex-factory prices for the ten days in the middle of July. Rebar prices decreased by RMB 30/mt ($4). The ex-factory price of 14-25 mm dia. HRB335 rebar regressed to RMB 2,950/mt ($447). Wire rod prices decreased by RMB 200/mt ($25). The ex-factory prices of 6.5 mm dia. Q235 high speed wire rod descended to RMB 3,300/mt ($413).