On January 16, Jiangxi Province-based Xinyu Steel issued ex-factory prices for certain products. The details are as follows:
1.Wire Rod:
The producer's wire rod price has gone up RMB 20/mt ($3/mt), and so in Nanchang the price of Q235 6.5 mm wire rod is now at RMB 3,720/mt ($544/mt).
2. Rebar:
The price of rebar has remained stable. Thus in Nanchang the price of HRB 335 of 16 mm diameter is still at RMB 3,770/mt ($552/mt).
3. Medium plate:
The producer's price for common carbon plate and low alloy plate has not changed. Thus, the price of Q235 14-20 mm material is still at RMB 4,000/mt ($586/mt), while Q345 14-20 mm now costs RMB 4,150/mt ($608/mt).
4. Shipbuilding plate:
The price of shipbuilding plate has remained stable, and so CCSB 14-20 mm still costs RMB 3,900/mt ($571/mt).
The above prices include taxes (17 percent VAT) and are effective as of January 16.