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.