SteelOrbis Shanghai
On November 1, China's Jiangsu Province-based Shagang released its ex-factory prices for November. The details are as follows:
1. Rebar prices are up by RMB 30/mt ($4/mt) from late October levels. As a result, the price of 14-25 mm diameter HRB 335 is now at RMB 4,060/mt ($544/mt).
2. High speed wire rode prices have increased by RMB 30/mt ($4/mt). Thus, the price of 6.5 mm Q235 is at RMB 4,080/mt ($547/mt).
3. HR coils have remained the same as the previous month. Thereby, the price of 5.75 mm x 1,500 mm x C SS400 is at RMB 4,150/mt ($556/mt).
All the above prices include 17 percent VAT. The long product prices are effective from November 1 to November 10, while the HR coil prices will be in effect for the whole of November.