Shagang releases ex-factory prices for mid-January

SteelOrbis Shanghai On January 11, Jiangsu Province-based steelmaker Shagang released its ex-factory prices of long products for mid-January. The details are as follows: 1. Rebar prices increased RMB 30/mt ($4). As a result, the price of 14-25 mm diameter HRB335 has gone up to RMB 3,130/mt ($402). 2. Wire rod prices have remained unchanged from early January levels. Thus, the price of 6.5 mm diameter Q235 is still at RMB 3,300/mt ($424). The above prices include 17 percent VAT and are effective from January 11 to January 20, 2007.