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CHINA STEEL WRAP: Spot longs steel price down on higher output, lower exw prices

February 08, 2012 - 09:24 GMT Location: Shanghai

KEYWORDS: Key words China , steel , prices , rebar , wire rod , hrc , hot rolled coil , raw material

Chinese rebar and wire rod prices continue to fall on Wednesday February 8 after crude steel output rose in late January and more steelmakers reduced their ex-works prices.

Spot rebar prices in Beijing were in the range 4,080-4,220 yuan ($648-670) per tonne, down 20 yuan from Tuesday; those in Guangzhou and Shanghai were also 20-30 yuan lower at 4,320-4,640 yuan and 4,100-4,310 yaun per tonne respectively. Spot wire rod prices in Guangzhou fell 10-20 yuan from Tuesday to 4,220-4,420 yuan per tonne, while those in Beijing were 10-20 yuan lower at 3,980-4,090 yuan per...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

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