Zenith Steel Adjusted Construction Steel Prices on Mar
The Jiangsu province-based Zenith Steel announced on Mar 1, 2018 that it decided to increase EXW prices for high-speed wire rod, rebar and coil rebar by RMB250/tonne respectively.
Currently, spot prices for Φ6.5-12mm HPB300 wire rod are settled at RMB4470/tonne and that for Φ16-25mm HRB400 rebar is set at RMB4300/tonne, those for Φ10mm, Φ12mm, Φ14mm, Φ28-32mm and Φ36mm will be increased by another RMB160/tonne, RMB120/tonne, RMB50/tonne, RMB80/tonne and RMB250/tonne respectively.
Besides, Φ8mm and Φ6mm HRB400 coiled rebar prices are set at RMB4470/tonne and RMB4770/tonne respectively.
All the aforesaid prices are quoted by size measure with 17% VAT included, taking effect since Jan Mar 1, 2018.