Jiangsu Province-based Shagang Group, China’s largest private steelmaker, has issued its list prices for all long steel products for January 1-10. Accordingly, the company has kept its offer prices for rebar and debar-in-coil stable at RMB 4,250/mt ($600.5/mt) and RMB 4,430/mt ($626/mt), respectively. All prices are on ex-works basis.
For the December 21-31 period, the producer had kept its offer prices for rebar and debar-in-coil stable at RMB 4,250/mt ($599/mt) and RMB 4,430/mt ($624/mt), respectively.
As of December 29, the average rebar price in the Chinese market was standing at RMB 4,023/mt ($568.5/mt) ex-warehouse, decreasing by RMB 20/mt ($2.8/mt) or 0.5 percent from December 20, according to SteelOrbis’ data.
As of December 29, rebar futures at the Shanghai Futures Exchange were standing at RMB 4,002/mt ($565.5/mt), increasing by RMB 62/mt ($8.8/mt) or up 1.6 percent since December 20, while decreasing by 0.12 percent compared to the previous trading day (December 28).
Prices include 13 percent VAT.