SteelOrbis Shanghai
On November 21, Jiangsu Province-based Shagang released its ex-factory prices for late November. The details are as follows:
1. Rebar prices have risen by RMB 20/mt ($3/mt) from mid-November levels. As a result, the price of 14-25 mm diameter HRB 335 is now at RMB 3,620/mt ($531/mt).
2. Common carbon high speed wire rod prices have remained constant. Thus, the price of 6.5 mm Q235 is still at RMB 3,550/mt ($521/mt).
All the above prices include 17 percent VAT and are effective from November 21 to November 30, 2008..
$1 = RMB 6.82