SteelOrbis Shanghai
On January 1, Jiangsu Province-based Shagang announced its ex-factory prices for January. The details are as follows:
1. Rebar prices are down RMB 150/mt ($21/mt) from late December levels. As a result, the price of 14-25 mm diameter HRB 335 is now at RMB 4,600/mt ($630/mt).
2. High speed wire rod prices have decreased by RMB 120/mt ($16/mt). Thus, the price of 6.5 mm Q235 is at RMB 4,600/mt ($630/mt).
3. HR coils have risen by RMB 150/mt ($21/mt). Thereby, the price of 5.75 mm x 1,500 mm x C SS400 is at RMB 4,700/mt ($644/mt).
All the above prices include 17 percent VAT. The long product prices are effective from January 1 to January 10, while the HR coil prices will be in effect for the whole month of January.