On April 1, Jiangsu Province-based Chinese steelmaker Shagang Group announced an upward adjustment of RMB 200/mt ($29/mt) to its ex-factory prices for long products for early April (April 1-10).
1. The price of rebar has risen by RMB 200/mt ($29/mt), with the current ex-factory price of 14-25 mm HRB 335 rebar thus standing at RMB 4,350/mt ($637/mt).
2. The price of common carbon steel wire rod has also been raised by RMB 200/mt ($29/mt), with the current ex-factory price of 6.5 mm Q235 carbon high speed wire rod now standing at RMB 4,500/mt ($659/mt).
The above prices include 17 percent VAT and are effective from April 1.
$1 = RMB 6.83