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NOTICE: Adjustment to Reference Exchange Rate for Shanghai Rebar and HRC USD Indices
Mysteel Subscribers:
Effective June 1. 2024. Mysteel will adiust the reference exchange rate for the Shanghai Rebar USD Index and Shanghai HRC USD Index. The new reference exchange rate will be the daily midpoint of the RMB to USD exchange rate published by the People's Bank of China, replacing the previous source provided by the Hong Kong Treasury Markets Association. The updated exchange rate information can be found at the following link:
https://www.chinamonev.com.cn/english/
Please note that the Shanghai Rebar USD index and Shanghai HRC USD index are calculated by converting their RMB price Index based on the exchange rate.
We welcome your feedback during this transition period. Please direct any inquiries or suggestions to contact:
Contacts person: DongKaiyan,
Contact Information: +8621-26093706
Email: mengxianfan@mysteel.com or msrdex@mysteel.com
Shanghai Ganglian E-Commerce Holdings Co., Ltd
Quality and Standardization Office
February 28.2024
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