China: Shagang Steel keeps long steel prices stable for early-Dec’24

China’s Shagang Steel kept prices of its long steel products – rebars, coiled rebars, and wire rods – unchanged for early-Dec’24 sales. Effective prices stood at:

• Rebar (16-25 mm): RMB 3,700/t ($508/t)
• Coiled rebar (8-10 mm): RMB 3,710/t ($509/t)
• Wire rod (6-10 mm): RMB 3,620/t ($497/t)