China: Shagang Steel hikes long steel prices by $16/t for mid-Feb’22

China’s Shagang Steel has hiked construction steel prices by RMB 100/t ($16/t) for mid-Feb’22. Current prices:

• Rebar (16-25 mm): RMB 5,100/t ($802/t)
• Wire rod (6-10 mm): RMB 5,310/t ($835/t)
• Coiled rebar (8-10 mm): RMB 5,400/t ($849/t)

Prices mentioned are on exw basis including taxes, effective from today.