Shagang Steel has raised prices for construction steel products by up to RMB 200/t for the remaining Nov month. Rebar price has been increased by RMB 50 and wire rod and coiled rebar by RMB 200. Current price for rebar (HRB400) stands at RMB 4,300/t ex-mill, wire rod (HPB300) at RMB 4,710/t ex-mill and coiled rebar (HRB400) at RMB 4,750/t ex-mill.
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