Shagang releases unchanged ex-factory prices for longs

SteelOrbis Shanghai On December 21, the Jiangsu Province-based steelmaker Shagang announced its latest ex-factory prices for long products, making no changes from the previous levels. The details are as follows: 1. Rebar prices remain unchanged. The price of 14-25 mm diameter HRB335 is still RMB 3,100/mt ($397). 2. High speed wire rod prices have also remained unchanged. The price of 6.5 mm diameter Q235 is still RMB 3,300/mt ($423). The above prices include taxes (17 percent VAT) and are effective from December 21 to December 31, 2006.