On July 16, Liaoning Province-based Chinese steelmaker Angang announced upward adjustments to ex-factory prices for certain long products for August. The details are as follows:
The producer's wire rod prices have risen by RMB 350/mt ($51/mt), with an increase of RMB 300/mt ($44/mt) seen in seamless pipe prices.
Angang's new ex-factory longs prices are effective from July 16, 2009.
$1 = RMB 6.83