SteelOrbis Shanghai
On December 21, Jiangsu Province-based steelmaker Shagang released its longs prices for late December, making no change from its mid-December levels. The details are as follows:
1. Rebar prices have remained the same as mid-December levels. Thus, the price of 14-25 mm diameter HRB 335 is still at RMB 3,640/mt ($533/mt).
2. High speed wire rod prices have also remained constant. As a result, the price of 6.5 mm Q235 is still at RMB 3,550/mt ($520/mt).
The above prices include 17 percent VAT and are effective from December 21 to December 31, 2008.
$1 = RMB 6.83