On December 21, Liaoning Province-based Chinese steelmaker Angang announced increased ex-factory wire rod prices for January delivery. The details are as follows:
The producer's wire rod coil prices have increased by RMB 150/mt ($22/mt) compared with the prices for December. Following the adjustment, the new price of 6.5 mm Q235 stands at RMB 3,160/mt ($463/mt).
The above price excludes 17 percent VAT and is effective from December 21, 2009.
$1 = RMB 6.82