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).