SteelOrbis Shanghai
On December 11, Jiangsu Province-based Shagang released its ex-factory prices for long products for mid-December.
The mill increased its rebar prices by RMB 300/mt ($41/mt) from early December levels. As a result, the price of 14-25 mm diameter HRB 335 is now at RMB 4,750/mt ($643/mt).
The mill's high speed wire rod prices have increased by RMB 250/mt ($34/mt). Thus, the price of 6.5 mm Q235 is at RMB 4,720/mt ($639/mt).
All the above prices include 17 percent VAT and are effective from December 11 to December 20, 2007.