Shagang releases ex-factory prices for mid-November

SteelOrbis Shanghai On November 11, Shagang announced its ex-factory prices of long products for mid-November. The details are as follows: 1. Prices of rebar increased RMB 30/mt ($4). With this latest rise, the price of 14-25 mm diameter HRB335 rebar is now at RMB 3,080/mt ($392). 2. Prices of high speed wire rod have remained unchanged. The price of 6.5 mm diameter Q235 high speed wire rod is still at RMB 3,300/mt ($420).