China: Shagang Steel hikes construction steel prices by RMB 300 ($45) for mid-Nov

Shagang Steel has raised prices for construction steel products by RMB 300/t ($45) for mid-Nov sales. Price for rebar HRB400 (16-25mm) stands at RMB 4,250/t ex-mill, wire rod HPB300 (6-10mm) at RMB 4,510/t ex-mill and coiled rebar HRB400 (8-10mm) at RMB 4,550/t ex-mill.