China’s Shagang Steel has kept long steel prices stable for late-May’24 sales. Effective prices:
- Rebar (16-25 mm): RMB 4,020/t ($556/t)
- Wire rod (6-10 mm): RMB 4,070/t ($562/t)
- Coiled rebar (8-10 mm): RMB 4,060/t ($561/t)
- All prices are ex-mill, including VAT.