Domestic long steel prices in China

Domestic long steel prices in China

Wire rod prices saw a sharp decrease in Guangzhou today, while rebar prices dropped in Shangai and Beijing. 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        3,060     379             
Beijing      Shougang         2,870     356        
Guangzhou    Shaougan Steel   3,090     383        -40            

12 mm diameter HRB335 rebar

Market       Origin               Price        Daily Change
                              (RMB)    (US$)      (RMB)
Shanghai     Hubao            2,810     348        -10   
Beijing      Shougang         2,900     359        -20   
Guangzhou    Shaoguan         3,290     408        -30                

20 mm diameter HRB335 rebar

Market       Origin               Price         Daily Change
                              (RMB)    (US$)      (RMB)
Shanghai     Hubao            2,810     348        -10
Beijing      Shougang         2,810     348        -20    
Guangzhou    Tangsteel        3,110     385                    

12 mm diameter HRB400 rebar

Market       Origin               Price         Daily Change
                              (RMB)    (US$)       (RMB)
Shanghai     Masteel          3,170     393         -10
Beijing      Shougang         3,010     373            
Guangzhou    Masteel          3,400     421              

20 mm diameter HRB400 rebar

Market       Origin               Price         Daily Change
                              (RMB)    (US$)       (RMB)
Shanghai     Masteel          3,050     378         -10
Beijing      Shougang         2,930     363            
Guangzhou    Masteel          3,250     403        

Rebar 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