SteelOrbis Shanghai
On September 1, Jiangsu Province-based Shagang announced its ex-factory prices for September. The details are as follows:
1. Rebar prices have declined by RMB 100/mt ($7/mt) from late August levels. Thus, the price of 14-25 mm diameter HRB 335 is now at RMB 5,050/mt ($739/mt).
2. Common carbon high speed wire rod prices are down by RMB 300/mt ($44/mt). As a result, the price of 6.5 mm Q235 is at RMB 4,950/mt ($725/mt).
3. HR coils have seen a decrease of RMB 650/mt ($95/mt) compared with the previous month. Following the adjustment, the price of 5.75 mm x 1,500 mm x C Q235B is at RMB 5,250/mt ($769/mt), while the price of 2.0 mm x 1,250 mm x C SPHC stands at RMB 6,050/mt ($886/mt).
4. Wide and heavy plate prices have remained constant. As a result, the new price of 20.0-29.9 mm x 2,000-3,199 mm Q235B / SS 400 is still at RMB 7,600/mt ($1,113/mt).
All the above prices include 17 percent VAT. The long product prices are effective from September 1 to September 10, while the HR coil and wide and heavy plate prices will be in effect for the whole month of September.
$1 = RMB 6.83