SteelOrbis Shanghai
On March 21, Jiangsu Province-based steelmaker Shagang issued its longs prices for late March, making no change from mid-March levels. The details are as follows:
1. Rebar prices have remained the same as mid-March levels. Thus, the price of 14-25 mm diameter HRB 335 is still at RMB 5,020/mt ($712/mt).
2. High speed wire rod prices have also remained constant. As a result, the price of 6.5 mm Q235 is still at RMB 5,150/mt ($730/mt).
The above prices include 17 percent VAT and are effective from March 21 to March 31, 2008.
$1 = RMB 7.05