SteelOrbis Shanghai
On January 21, Jiangsu Province-based Shagang announced its ex-factory prices for late January. The details are as follows:
1. Rebar prices are down RMB 100/mt ($14/mt) from mid-January levels. As a result, the price of 14-25 mm diameter HRB 335 is now at RMB 4,500/mt ($621/mt).
2. High speed wire rod prices have remained constant. Thus, the price of 6.5 mm Q235 is still at RMB 4,600/mt ($634/mt).
The above prices include 17 percent VAT and are effective from January 21 to January 31, 2008.