Chinese longs continue free fall
Long steel prices continue falling due to bad weather conditions in north and northeastern China. The average price for 6.5 mm diameter Q235 wire rod in Shanghai, Beijing and Guangzhou is down RMB 10/mt from yesterday at RMB 3,013/mt ($373), 20 mm diameter HRB335 is down RMB 13/mt at RMB 2,927/mt ($363) and 20 mm diameter HRB400 rebar is down RMB 14/mt at RMB 3,103/mt ($385). The price details in the three markets are as follows:6.5 mm diameter Q235 wire rod Market Origin Price Daily Change (RMB) (US$) (RMB) Shanghai Pingxiang 3,080 382 -10 Beijing Shougang 2,830 351 -20 Guangzhou Shaougan Steel 3,130 388
12 mm diameter HRB335 rebar Market Origin Price Daily Change (RMB) (US$) (RMB) Shanghai Hubao 2,870 356 -10 Beijing Shougang 2,900 359 -20 Guangzhou Shaoguan 3,320 411
20 mm diameter HRB335 rebar Market Origin Price Daily Change (RMB) (US$) (RMB) Shanghai Hubao 2,870 356 -10 Beijing Shougang 2,800 347 -30 Guangzhou Tangsteel 3,110 385
12 mm diameter HRB400 rebar Market Origin Price Daily Change (RMB) (US$) (RMB) Shanghai Masteel 3,220 399 -10 Beijing Shougang 3,000 372 -20 Guangzhou Masteel 3,460 429
20 mm diameter HRB400 rebar Market Origin Price Daily Change (RMB) (US$) (RMB) Shanghai Masteel 3,120 387 -20 Beijing Shougang 2,920 362 -20 Guangzhou Masteel 3,270 405Rebar prices in Shanghai are on theoretical weight basis and others are on actual weight basis. All prices include 17 percent VAT. RMB 8.07 = $1