Jiangsu Province-based Shagang Group, China’s largest private steelmaker, has issued its list prices for all long steel products for early April (April 1-10). Accordingly, the company has kept its offer prices for 16-20 mm HRB400 rebar and 8-10 mm HRB400 debar-in-coil stable at RMB 3,450/mt ($500/mt) and RMB 3,560/mt ($516/mt), respectively. All prices are on ex-works basis.
For the late March (March 21-31) period, the producer had also kept its offer prices for 16-20 mm HRB400 rebar and 8-10 mm HRB400 debar-in-coil stable at RMB 3,450/mt ($500/mt) and RMB 3,560/mt ($516/mt), respectively.
As of March 31, the average rebar price in the Chinese market was standing at RMB 3,250/mt ($471/mt) ex-warehouse, increasing by RMB 3/mt ($0.43/mt) compared to March 20, according to SteelOrbis’ data.
As of March 31, rebar futures at the Shanghai Futures Exchange were at RMB 3,121/mt ($452/mt), decreasing by RMB 2/mt ($0.29/mt) since March 20, while decreasing by 0.32 percent compared to the previous trading day, March 30.
Prices include 13 percent VAT.
