Jiangsu Province-based Chinese steelmaker Shagang Group has published its ex-mill prices for long steel products, effective for June 1-10. The details are as follows:
1. Rebar prices are unchanged. Thus, the price of 14-25 mm HRB 335 rebar is still RMB 4,050/mt ($594/mt).
2. High speed wire rod prices also remain unchanged. As a result, the price of 6.5 mm Q235 common carbon high speed wire rod stays at RMB 4,300/mt ($630/mt).
All the above prices are ex-mill, include tax and are effective from June 1.
US$1 = RMB 6.82