Reportedly, the Chinese steelmaker Shagang announced to remain rebar ex-work prices unchanged for October 21-31 period. Also, the company has kept rebar ex-work prices unchanged for consecutive times. After the announcement, its prices for HRB400 rebar with diameters of 16mm-25mm are at RMB3,580/ton, with 17% VAT. Besides, Shagang also kept its prices for HPB300 grade wire rods unchanged at RMB3,640/ton for late October.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=66778&division=A4
