On January 21, Jiangsu Province-based Chinese steel producer Shagang announced unchanged ex-factory longs prices for late January. The details are as follows:
1. Rebar prices have remained constant at previous levels. Thus, the price of 14-25 mm diameter HRB 335 is still at RMB 3,860/mt ($566/mt) on theoretical weight basis, while that of 14-25 mm HRB 400 is at RMB 3,980/mt ($584/mt) on theoretical weight basis.
2. Common carbon wire rod prices have also remained unchanged, with the price of 6.5 mm Q235 high speed wire rod still at RMB 4,050/mt ($594/mt).
The above prices include 17 percent VAT and are effective from January 21 to January 31
$1 = RMB 6.82