SteelOrbis Shanghai
On September 30, Jiangsu Province-based Shagang released its ex-factory prices for October. The details are as follows:
1. Rebar prices are down by RMB 50/mt ($7/mt) from late September levels. As a result, the price of 14-25 mm diameter HRB 335 is now at RMB 4,030/mt ($537/mt).
2. High speed wire rode prices remain unchanged from late September levels. Thus, the price of 6.5 mm Q235 is still at RMB 4,050/mt ($539/mt).
3. HR coils have decreased by RMB 150/mt ($20/mt) compared with the previous month. Following the adjustment, the price of 5.75 mm x 1,500 mm x C SS400 is at RMB 4,150/mt ($553/mt).
All the above prices include 17 percent VAT. The long product prices are effective from October 1 to October 10, while the HR coil prices will be in effect for the whole of October.