Shagang Steel has rolled over long steel prices for end-Dec’21 sales after announcing a hike of RMB 150-200/t in mid-Dec. Current prices:
- Rebar 16-25mm: RMB 5,000/t ($785/t)
- Wire rod 6-10mm: RMB 5,210/t ($818/t) and
- Coiled rebar 8-10mm: RMB 5,300/t ($832/t)
- All prices are on exw basis, including tax.
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