China: Shagang Steel raises rebars prices by $14/t for mid-Dec’22 sales

China’s Shagang Steel has raised rebars prices by RMB 100/t ($14/t), while wire rods and coiled rebars prices remained flat for mid-Dec’22 sales. Effective prices:

• Rebars (16-25 mm): RMB 4,050/t ($580/t)
• Wire rods (6-10 mm): RMB 4,360/t ($625/t)
• Coiled rebars (8-10 mm): RMB 4,450/t ($638/t).