Jiangsu Province-based Shagang Group, China’s largest private steelmaker, has issued its list prices for all long steel products for mid-April (April 11-20). 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 ($502/mt) and RMB 3,560/mt ($518/mt), respectively. All prices are on ex-works basis.
For the early April (April 1-10) 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 April 10, the average rebar price in the Chinese market was standing at RMB 3,237/mt ($471/mt) ex-warehouse, decreasing by RMB 13/mt ($1.9/mt) compared to March 31, according to SteelOrbis’ data.
As of April 10, rebar futures at the Shanghai Futures Exchange were at RMB 3,099/mt ($451/mt), decreasing by RMB 22/mt ($3.2/mt) since March 31, while decreasing by 0.23 percent compared to the previous trading day, April 9.
Prices include 13 percent VAT.
