SteelOrbis Shanghai
On September 21, Jiangsu Province-based Shagang released long product prices for late September which are unchanged from mid-September levels. The details are as follows:
1. Rebar prices have remained the same as mid-September levels. Thus, the price of 14-25 mm diameter HRB 335 is still at RMB 4,080/mt ($543/mt).
2. High-speed wire rod prices have also remained unchanged. As a result, the price of 6.5 mm Q235 is still at RMB 4,050/mt ($539/mt).
All the above prices include 17 percent VAT and are effective from September 21 to September 30, 2007.