SteelOrbis Shanghai
On August 11, Jiangsu Province-based Shagang announced its ex-factory prices for mid-August. The details are as follows:
1. Rebar prices have declined by RMB 200/mt ($29/mt) from early August levels. As a result, the price of 14-25 mm diameter HRB 335 is at RMB 5,300/mt ($773/mt).
2. Common carbon high speed wire rod prices are down by RMB 270/mt ($39/mt). Thus, the price of 6.5 mm Q235 is still at RMB 5,550/mt ($809/mt).
All the above prices include 17 percent VAT and are effective from August 11 to August 20.
$1 = RMB 6.86