Shagang issues ex-factory prices for September

Monday, 01 September 2008 09:08:16 (GMT+3)   |  
       

SteelOrbis Shanghai

On September 1, Jiangsu Province-based Shagang announced its ex-factory prices for September. The details are as follows:

1. Rebar prices have declined by RMB 100/mt ($7/mt) from late August levels. Thus, the price of 14-25 mm diameter HRB 335 is now at RMB 5,050/mt ($739/mt).

2. Common carbon high speed wire rod prices are down by RMB 300/mt ($44/mt). As a result, the price of 6.5 mm Q235 is at RMB 4,950/mt ($725/mt).

3. HR coils have seen a decrease of RMB 650/mt ($95/mt) compared with the previous month. Following the adjustment, the price of 5.75 mm x 1,500 mm x C Q235B is at RMB 5,250/mt ($769/mt), while the price of 2.0 mm x 1,250 mm x C SPHC stands at RMB 6,050/mt ($886/mt).

4. Wide and heavy plate prices have remained constant. As a result, the new price of 20.0-29.9 mm x 2,000-3,199 mm Q235B / SS 400 is still at RMB 7,600/mt ($1,113/mt).

All the above prices include 17 percent VAT. The long product prices are effective from September 1 to September 10, while the HR coil and wide and heavy plate prices will be in effect for the whole month of September.

$1 = RMB 6.83


Similar articles

Canada imposes provisional safeguard measures on certain steel imports

12 Oct | Steel News

US stainless steel imports and consumption surge in November

15 Feb | Steel News

US stainless steel imports and consumption swell in September

14 Dec | Steel News

Shagang announces ex-factory prices for December

01 Dec | Steel News

Shagang issues ex-factory prices for November

03 Nov | Steel News

Shagang slashes ex-factory prices for October

06 Oct | Steel News

Shagang announces ex-factory prices for August

01 Aug | Steel News

Shagang announces ex-factory prices for July

01 Jul | Steel News

China’s changing railway steel requirements

24 Mar | Steel News

Details of China's finished steel imports and exports in May

02 Jul | Steel News