Author: Hitanshi
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China: Shagang Steel cuts long steel prices in late-Jul’26
Seasonal weakness weighs on construction steel demand Buyers limit purchases amid subdued spot activity China’s Shagang Steel has cut its domestic long steel prices by RMB 100/t ($15/t) for late-July 2026 sales, reflecting cautious sentiment as weak seasonal demand and subdued spot activity weigh on the market. The producer set prices at: Rebars (16-25 mm):…