China: Shagang Steel rolls over long steel prices for late-Mar’23 sales

China’s Shagang Steel has rolled over long steel prices for late-Mar’23 sales. Effective prices-

• Rebars (16-25 mm): RMB 4,450/t ($648/t)
• Wire rods (6-10 mm): RMB 4,560/t ($664/t)
• Coiled rebars (8-10 mm): RMB 4,700/t ($684/t)
• All prices are ex-mill, including VAT.