On May 20, major Chinese steelmaker Hebei Steel Group has issued its guidance prices for construction steel products of its subsidiaries for delivery in late May (May 21-31), mostly keeping prices stable compared to its prices for mid-May (May 11-20). The details are as follows (comparisons are with mid-May prices):
1. Wire rod and rebar products from Tangshan Steel, Xuanhua Steel and Chengde Steel
a) The price of HPB 300 6.5-10 mm high-speed wire rod remains unchanged at $595.4/mt.
b) The price of HRB 335 18-25 mm second grade rebar is still at $579.1/mt, but prices of 12-14 mm second grade rebar and anti-seismic rebar are up by $13.05/mt and $4.89/mt respectively.
c) The price of HRB 400E 18-25 mm third grade rebar remains at $587.3/mt, but the price of 12-14 mm diameter is up $13.05/mt.
d) The price of HRB 400 8-12 mm coiled rebar is unchanged at $587.3/mt.
2. Wire rod and rebar products from Handan Steel
a) The price of Q235 6.5 mm diameter high-speed wire rod remains unchanged at $574.2/mt.
b) The prices of HRB 335 18-25 mm second grade rebar and HRB 400 18-25 mm third grade rebar remain at $587.3/mt and $588.9/mt respectively. Furthermore, the price of anti-seismic rebar is up $3.26/mt.
c) The price of HRB 400 8-12 mm coiled rebar is unchanged at $587.3/mt.
All the above prices are ex-works and include tax.