Chinese longs continue to fall
Long steel product prices in major Chinese markets have not stopped falling yet and Beijing sees the highest decrease ranges. The average price for 6.5 mm diameter Q235 wire rod in major domestic markets decreased by RMB 3/mt to RMB 3,060/mt ($379), 20 mm diameter HRB335 rebar by RMB 10/mt to RMB 2,957/mt ($366) and 20 mm diameter HRB400 rebar by RMB 10/mt to RMB 3,147/mt ($390). The price details in the three markets are mentioned hereafter:6.5 mm diameter Q235 wire rod Market Origin Price Daily Change (RMB) (US$) (RMB) Shanghai Pingxiang 3,130 388 Beijing Shougang 2,920 362 -20 Guangzhou Shaougan Steel 3,130 388 +10
12 mm diameter HRB335 rebar Market Origin Price Daily Change (RMB) (US$) (RMB) Shanghai Hubao 2,900 359 -10 Beijing Shougang 2,960 367 -40 Guangzhou Shaoguan 3,320 411
20 mm diameter HRB335 rebar Market Origin Price Daily Change (RMB) (US$) (RMB) Shanghai Hubao 2,890 358 -10 Beijing Shougang 2,880 357 -20 Guangzhou Tangsteel 3,100 384
12 mm diameter HRB400 rebar Market Origin Price Daily Change (RMB) (US$) (RMB) Shanghai Masteel 3,240 401 Beijing Shougang 3,060 379 -20 Guangzhou Masteel 3,480 431
20 mm diameter HRB400 rebar Market Origin Price Daily Change (RMB) (US$) (RMB) Shanghai Masteel 3,180 394 -10 Beijing Shougang 2,980 369 -20 Guangzhou Masteel 3,280 406Rebar 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