SteelOrbis Shanghai
On November 28, Shougang announced its long product prices for December. The details are as follows:
1. Wire rod prices have risen RMB 500/mt ($68/mt). The price of 6.5 mm diameter Q235 high speed wire rod now costs RMB 4,330/mt ($587/mt).
2. Rebar prices have increased RMB 450/mt ($61/mt). The new ex-factory price of 16-25 mm diameter HRB 335 rebar is RMB 4,330/mt ($587/mt); the price of 12-14 mm is RMB 4,480/mt ($607/mt); finally, the price of > 28 mm diameter is RMB 4,350/mt ($589/mt). 16-25 mm diameter HRB 400 rebar costs RMB 4,460/mt ($604/mt); 12-14 mm is now at RMB 4,610/mt ($625/mt); finally, the ex-factory price of > 28 mm diameter is RMB 4,530/mt ($614/mt).
All the above prices include 17 percent VAT and are effective as of December 1, 2007.