SteelOrbis Shanghai
On April 11, Jiangsu Province-based Shagang announced its ex-factory prices for mid-April. The details are as follows:
1. Rebar prices have remained unchanged. Thus, the price of 14-25 mm diameter HRB 335 is still at RMB 5,050/mt ($722/mt).
2. High speed wire rod prices are up RMB 50/mt ($7/mt) from early April levels. As a result, the price of 6.5 mm Q235 is now at RMB 5,200/mt ($744/mt).
All the above prices include 17 percent VAT and are effective from April 11 to April 20.
$1 = RMB 6.99