Chinese steelmaker Jiangsu Shagang Group has revised down its long steel product prices by RMB 150/t, effective from 21 Aug’21. All prices are ex-mill, including taxes. Decline in steel futures and domestic steel prices have resulted in lowering of offers.
- Re-bar (16-25mm): RMB 5,350/t ($824)
- Wire rod (6.5mm): RMB 5,710/t ($880)
- Coiled rebar (8-10mm): RMB 5,700/t ($878)
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