SteelOrbis Shanghai
On November 21, Jiangsu Province-based Shagang released its ex-factory prices for long products for late November. The details are as follows:
1. Rebar prices are up by RMB 60/mt ($8/mt) from mid-November levels. As a result, the price of 14-25 mm diameter HRB 335 is now at RMB 4,280/mt ($578/mt).
2. High speed wire rod prices have increased by RMB 100/mt ($13/mt). Thus, the price of 6.5 mm Q235 is at RMB 4,250/mt ($572/mt).
All the above prices include 17 percent VAT and are effective from November 21 to November 30, 2007.