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Shagang cuts wire rod price mid month but keeps rebar steady
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Friday, 13 Jan 2012
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Shagang announces steel price policy for mid January based on January 1 price change.

On EXW basis

Wire rod: Down by CNY 70 per tonne
6.5mm HPB235 - CNY 4400 per tonne.

Rebar - Unchanged
16mm to 25mm HRB335 - CNY 4380 per tonne
16mm to 25mm HRB400 - CNY 4500 per tonne
10mm - +CNY 100 per tonne
12mm - +CNY 60 per tonne
14mm - +CNY 20 per tonne
28mm and 32mm - +CNY 50 per tonne
36mm and 40mm - +CNY 300 per tonne
E grade earthquake proof - +CNY 50 per tonne

Coiled rebar - Down by CNY 60 per tonne
8mm HRB400 - CNY 4500 per tonne
E grade - +CNY 50 per tonne

All the prices above include VAT and take effect from January 11, 2012.

(Source: www.steelhome.cn/en)
China steel information centre and industry database

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