China: Shagang Steel rolls over long steel prices for mid-Jan’22

China’s Shagang Steel has rolled over construction steel prices for mid-Jan’22. Below are current prices that will come into effect from today:

• Rebar (16-25 mm): RMB 4,900/t ($769/t)
• Wire rod (6-10 mm): RMB 5,110/t ($802/t)
• Coiled rebar (8-10 mm): RMB 5,200/t ($816/t)

All prices are on ex-mill basis, including VAT.