China’s Shagang keeps construction steel prices stable for month-end

Chinese steelmaker Shagang Steel has kept its construction steel prices unchanged for end-Jul, with effect from today (21 Jul’20). Ex-mill prices for HRB 400 (16-25 mm) rebar are being offered at RMB 3,850/t, HPB 300 (6-10 mm) plain carbon wire rod at RMB 3,910/t and HRB 400 (8-10 mm) coiled rebar at RMB 3,950/t.