Domestic long steel prices in China
Following the Spring Festival long steel markets began strong to the week. The average price of 6.5 mm Q235 wire rods increased RMB 20/mt to RMB 2,987/mt ($371), that of 20 mm HRB335 increased RMB 30/mt to RMB 2,907/mt ($361) and 20 mm HRB 400 increased RMB 33/mt to RMB 3,033/mt ($376) in average, respectively. The price details are as follows:6.5 mm diameter Q235 wire rod Market Origin Price Weekly Change (RMB) (US$) (RMB) Shanghai Pingxiang 3,000 372 +10 Beijing Shougang 2,920 362 +50 Guangzhou Shaougan Steel 3,040 377
12 mm diameter HRB335 rebar Market Origin Price Weekly Change (RMB) (US$) (RMB) Shanghai Hubao 2,830 351 +30 Beijing Shougang 2,930 363 +60 Guangzhou Shaoguan 3,230 401
20 mm diameter HRB335 rebar Market Origin Price Weekly Change (RMB) (US$) (RMB) Shanghai Hubao 2,820 350 Beijing Shougang 2,820 350 +50 Guangzhou Tangsteel 3,080 382 +20
12 mm diameter HRB400 rebar Market Origin Price Weekly Change (RMB) (US$) (RMB) Shanghai Masteel 3,040 377 +20 Beijing Shougang 3,050 378 +80 Guangzhou Masteel 3,270 406
20 mm diameter HRB400 rebar Market Origin Price Weekly Change (RMB) (US$) (RMB) Shanghai Masteel 2,960 367 Beijing Shougang 2,950 366 +80 Guangzhou Masteel 3,190 396 +10Rebar prices in Shanghai are on theoretical weight basis and others are on actual weight basis. All prices include 17 percent VAT. RMB 8.06 = $1