Shagang releases ex-factory prices for mid-March

SteelOrbis Shanghai On March 11, Jiangsu Province-based Shagang announced its ex-factory prices of long products for mid-March. The details are as follows: 1. Rebar prices have remained unchanged. Thus, the price of 14-25 mm diameter HRB335 is still at RMB 3,330/mt ($430). 2. Wire rod prices have likewise remained constant. As a result, the price of 6.5 mm Q235 is at RMB 3,430/mt ($443). All the above prices include 17 percent VAT and are effective from March 11 to March 20. $1 = RMB 7.74