Chinese longs continue to fall
Long steel prices still loose blood in Beijing and Shanghai. The average price for 6.5 mm diameter Q235 wire rod in major domestic markets decreased by RMB 13/mt to RMB 3,037/mt ($376), 20 mm diameter HRB335 remained at RMB 2,950/mt ($366) and 20 mm diameter HRB400 rebar decreased by RMB 4/mt to RMB 3,133/mt ($388). The price details in the three markets are mentioned hereafter:6.5 mm diameter Q235 wire rod Market Origin Price Daily Change (RMB) (US$) (RMB) Shanghai Pingxiang 3,110 385 -10 Beijing Shougang 2,870 356 -30 Guangzhou Shaougan Steel 3,130 388
12 mm diameter HRB335 rebar Market Origin Price Daily Change (RMB) (US$) (RMB) Shanghai Hubao 2,890 358 -10 Beijing Shougang 2,940 364 Guangzhou Shaoguan 3,320 411
20 mm diameter HRB335 rebar Market Origin Price Daily Change (RMB) (US$) (RMB) Shanghai Hubao 2,890 358 -10 Beijing Shougang 2,850 353 -10 Guangzhou Tangsteel 3,110 385 +10
12 mm diameter HRB400 rebar Market Origin Price Daily Change (RMB) (US$) (RMB) Shanghai Masteel 3,240 401 Beijing Shougang 3,040 377 Guangzhou Masteel 3,480 431
20 mm diameter HRB400 rebar Market Origin Price Daily Change (RMB) (US$) (RMB) Shanghai Masteel 3,170 393 -10 Beijing Shougang 2,950 366 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