Shagang reduces EXW prices for mid March deliveries

Friday, 11 Mar 2011

It is reported that the leading China steelmaker Shagang unveiled its price change details for the middle ten days of Mar 2011 deliveries as follows, with prices of most carbon steel declined by CNY 200 per tonne to CNY 400 per tonne.

1. High speed wire rod
The middle ten days of Mar prices down CNY 300 per tonne from the first ten days of Mar level,

HPB235 high speed wire rod with diameter 6.5mm was priced at CNY 4,850 per tonne

2. Rebar
The middle ten days of Mar prices down CNY 300 per tonne from the first ten days of Mar level
HRB335 high speed wire rod with diameter 16m to 25mm was offered at CNY 4,850 per tonne
HRB400 high speed wire rod with diameter 16mm to 25mm was listed at CNY 4,970 per tonne.

3. Spiral steel
The middle ten days of Mar prices down CNY 400 per tonne from the first ten days of March level
HRB400 spiral steel with diameter 8mm is posted at CNY 4,950 per tonne

4. Round steel
The middle ten days of March prices down CNY 200 per tonne from the first ten days of Mar level,

Q235 round steel with diameter 16 to 25 is priced at CNY 5000 per tonne

All price changes listed above are inclusive of 17% VAT except stated otherwise and will come into force as of the date of issuance.

(sourced :mysteel)