China: Shagang lifts rebar prices by RMB 100/t ($16/t) for early-April

China’s Shagang Steel has raised rebar offers by RMB 100/t for early Apr’22 sales. Effective prices from today:

• Rebar (16-25 mm): RMB 5,300/t ($834/t).
• Wire rods (6-10 mm): RMB 5,310/t ($836/t).
• Coiled rebar (8-10 mm): RMB 5,400/t ($850/t).

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