China’s Shagang Steel has increased long steel prices RMB 50/t ($7/t) for early-Jun’24 sales. Effective prices:
- Rebar (16-25 mm): RMB 4,070/t ($562/t)
- Wire rod (6-10 mm): RMB 4,120/t ($569/t)
- Coiled rebar (8-10 mm): RMB 4,110/t ($568/t)
- All prices are ex-mill, including VAT.