Strong longs price hike by five main north China mills

SteelOrbis Shanghai On January 29, the five leading northern Chinese mills - Shougang, Tangshan Steel, Xuanhua Steel, Tianjin Steel, and Chengde Steel - announced an upward adjustment to their ex-factory prices for long products for the month of February. The details are as follows; 1. Rebar: Prices for rebar have increased RMB 200/mt ($26). As a result, the price of 16-25 mm diameter HRB335 rebar is now at RMB 3,200/mt ($384), that of 12-14 mm is at RMB 3,300/mt ($424); the price of 16-25 mm diameter HRB400 rebar is at RMB 3,300/mt ($424), while that of 12-14 mm is at RMB 3,400/mt ($437). 2. Wire rod: The prices of wire rod have increased RMB 230/mt ($30). Following the adjustment, the price of 6.5 mm diameter Q235 high speed wire rod has risen to RMB 3,230/mt ($415). 17 percent VAT is included in all the above prices.