On April 26, Jiangxi Province-based Chinese steelmaker Xinyu Steel issued new ex-factory prices for certain products. The details are as follows:
1. Wire Rod:
The producer's wire rod price has gone up by RMB 70/mt ($10/mt), and so in Nanchang the price of Q235 6.5 mm wire rod is now at RMB 3,300/mt ($484/mt).
2. Rebar:
The price of rebar has increased by RMB 50/mt ($7/mt). Thus in Nanchang the price of HRB 335 of 16-22 mm diameter is at RMB 3,300/mt ($484/mt).
3. Medium plate:
The producer's price for common carbon plate and low alloy plate has not changed. Thus, the price of Q235 14-20 mm material is still at RMB 3,300/mt ($484/mt), while Q345 14-20 mm still costs RMB 3,450/mt ($505/mt).
The above prices include taxes (17 percent VAT) and are effective as of April 26.