Jiangsu Province-based Shagang Group, China’s largest private steelmaker, has issued its list prices for all long steel products for December 21-31. Accordingly, the company has held its offer prices for rebar and debar-in-coil stable, standing at RMB 4,250/mt ($599/mt) and RMB 4,430/mt ($624/mt), respectively. All prices are on ex-works basis.
For the December 11-20 period, the producer had held its offer prices for rebar and debar-in-coil stable, standing at RMB 4,250/mt ($599/mt) and RMB 4,430/mt ($624/mt), respectively.
As of December 20, the average rebar price in the Chinese market was standing at RMB 4,003/mt ($566/mt) ex-warehouse, decreasing by RMB 80/mt ($11.3/mt) or 1.96 percent from December 8, according to SteelOrbis’ data.
As of December 20, rebar futures at the Shanghai Futures Exchange are standing at RMB 3,940/mt ($555/mt), decreasing by RMB 102/mt ($15/mt) or up 2.5 percent since December 8, while increasing by 0.25 percent compared to the previous trading day (December 19).
Prices include 13 percent VAT.