On January 6, 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 not changed, and so in Nanchang the price of Q235 6.5 mm wire rod remains at RMB 3,700/mt ($542/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 increased by RMB 450/mt ($66/mt). Thus, the price of Q235 14-20 mm material is at RMB 4,000/mt ($586/mt), while Q345 14-20 mm material is at RMB 4,150/mt ($608/mt).
The above prices include taxes (17 percent VAT) and are effective as of January 6.