SteelOrbis Shanghai
On March 11, Jiangsu Province-based Shagang issued its ex-factory prices for long products for mid-March. The details are as follows:
1. Rebar prices are up by RMB 20/mt ($3/mt) from early March levels. As a result, the price of 14-25 mm diameter HRB 335 is now at RMB 5,020/mt ($707/mt).
2. High speed wire rod prices have increased by RMB 100/mt ($14/mt). Thus, the price of 6.5 mm Q235 is at RMB 5,150/mt ($725/mt).
All the above prices include 17 percent VAT and are effective from March 11 to March 20, 2008.
$1 = RMB 7.10