SteelOrbis Shanghai
On September 11, Jiangsu Province-based Shagang released its ex-factory prices for mid-September. The details are as follows:
1. Rebar prices have declined by RMB 100/mt ($15/mt) from early September levels. As a result, the price of 14-25 mm diameter HRB 335 is at RMB 4,950/mt ($724/mt).
2. Common carbon high speed wire rod prices have remained constant. Thus, the price of 6.5 mm Q235 is still at RMB 4,950/mt ($724/mt).
All the above prices include 17 percent VAT and are effective from September 11 to September 20.
$1 = RMB 6.84