Jiangsu Province-based Shagang Group, China’s largest private steelmaker, has issued its list prices for all long steel products for June 21-30. Accordingly, the company has kept its offer prices for rebar and debar-in-coil stable at RMB 3,250/mt (451/mt) and RMB 3,410/mt ($481/mt), respectively. All prices are on ex-works basis.
For the June 11-20 period, the producer had kept its offer prices for rebar and debar-in-coil stable at RMB 3,250/mt (451/mt) and RMB 3,410/mt ($481/mt).
As of June 20, the average rebar price in the Chinese market was standing at RMB 3,133/mt ($435/mt) ex-warehouse, decreasing by RMB 7/mt ($1.0/mt) or 0.2 percent from June 10, according to SteelOrbis’ data.
As of June 20, rebar futures at the Shanghai Futures Exchange were at RMB 2,992/mt ($416/mt), increasing by RMB 18/mt ($2.5/mt) or 0.6 percent since June 10, while up 0.23 percent compared to the previous trading day, June 19.
Prices include 13 percent VAT.