SteelOrbis Shanghai
On April 11, Jiangsu-Province-based Shagang announced unchanged long product ex-factory prices for mid-April. The details are as follows:
1. Rebar prices have remained unchanged.Thus, the price of 14-25 mm diameter HRB335 is still at RMB 3,330/mt ($431/mt).
2. Wire rod prices have likewise remained constant. As a result, the price of 6.5 mm Q235 is at RMB 3,430/mt ($444/mt).
The above prices include 17 percent VAT, and are effective from April 11 to April 20, 2007.
$1 = RMB 7.73