On April 1, Liuzhou Steel issued new ex-factory prices of long products for April. The details are as follows:
1. Wire rod prices have seen a drop of RMB 250/mt ($37/mt), with the price of 6.5 mm diameter Q235 decreasing to RMB 3,560/mt ($521/mt).
2. Rebar prices have decreased RMB 300/mt ($44/mt). Thus, the price of 18-25 mm diameter HRB 335 is now at RMB 3,600/mt ($527/mt).
3. Section steel prices are down RMB 250/mt ($37/mt). As a result, the new price of #80-100 mm Q235 angle is at RMB 3,830/mt ($561/mt), while that #8-14 mm Q235 channel stands at RMB 3,750/mt ($549/mt).
All the above prices include 17 percent VAT and are effective from April 1, 2009.
$1 = RMB 6.83