SteelOrbis Shanghai
On June 11, Jiangsu Province-based Shagang released its long product ex-factory prices for mid-June. The details are as follows:
1. Rebar prices have remained unchanged. Thus, the price of 14-25 mm diameter HRB 335 is still at RMB 3,480/mt ($454/mt).
2. Wire rod prices have declined RMB 100 from the early June levels. As a result, the price of 6.5 mm diameter Q235 is now at RMB 3,750/mt ($489/mt).
The above prices include 17 percent VAT and are effective from June 11 to June 20, 2007.