SteelOrbis Shanghai
On June 21, Jiangsu Province-based Shagang announced its ex-factory prices for late June. The details are as follows:
1. Rebar prices have declined by RMB 200/mt ($29/mt) from mid-June levels. As a result, the price of 14-25 mm diameter HRB 335 is at RMB 5,670/mt ($824/mt).
2. High speed wire rod prices have remained the same. Thus, the price of 6.5 mm Q235 is still at RMB 6,220/mt ($904/mt).
All the above prices include 17 percent VAT and are effective from June 21 to June 30.
$1 = RMB 6.88