It’s reported that China’s Shagang announced to raise its rebar ex-work prices by RMB80/ton for deliveries between July 11st and July 20th. Also, this is the first rise over the past three months.
After adjustment, its prices for HRB335 and HRB400 rebar with diameter of 16mm-25mm are at RMB3, 440/ton and RMB3,490/ton with 17% VAT respectively.
Besides, Shagang also increased the prices for HPB300 wore rods by RMB120/ton to RMB3, 570/ton with 17% VAT.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=65332&division=A4
