SteelOrbis Shanghai
On December 1, China's Jiangsu Province-based Shagang released its ex-factory prices for December. The details are as follows:
1. Rebar prices are up by RMB 170/mt ($23/mt) from late November levels. As a result, the price of 14-25 mm diameter HRB 335 is now at RMB 4,230/mt ($572/mt).
2. High speed wire rod prices have increased by RMB 220/mt ($30/mt). Thus, the price of 6.5 mm Q235 is at RMB 4,300/mt ($582/mt).
3. HR coils have risen by RMB 400/mt ($54/mt). Thereby, the price of 5.75 mm x 1,500 mm x C SS400 is at RMB 4,550/mt ($616/mt).
All the above prices include 17 percent VAT. The long product prices are effective from December 1 to December 10, while the HR coil prices will be in effect for the whole month of December.