SteelOrbis Shanghai
On October 1, Jiangsu Province-based Shagang announced its ex-factory prices for October. The details are as follows:
1. Rebar prices have declined by RMB 100/mt ($15/mt) from late September levels. Thus, the price of 14-25 mm diameter HRB 335 is now at RMB 4,600/mt ($673/mt).
2. Common carbon high speed wire rod prices are down by RMB 150/mt ($22/mt). As a result, the price of 6.5 mm Q235 is at RMB 4,600/mt ($673/mt).
3. Hard wire prices have seen a decrease of RMB 200/mt ($29/mt). Following the adjustment, the price of 6.5 mm diameter #45 is at RMB 4,800/mt ($703/mt), while that of 6.5 mm diameter #60-65 stays at RMB 4,850/mt ($710/mt), with 6.5 mm #70 reaching RMB 4,900/mt ($717/mt).
4. HR coils have dropped RMB 500/mt ($73/mt) compared with the previous month. Therefore, the price of 5.75 mm x 1,500 mm x C Q235B is at RMB 4,750/mt ($695/mt), while the price of 2.0 mm x 1,250 mm x C SPHC stands at RMB 5,550/mt ($813/mt).
5. 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 October 1 to October 10, while the HR coil and wide and heavy plate prices will be in effect for the whole month of October.
$1 = RMB 6.83