Author: Lalita
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China: Shagang cuts long steel prices further for late-Aug sales
Shagang Group, China’s largest privately-owned steel producer based in East China’s Jiangsu province, cut its rebar prices for the second time this month and by another Yuan 150/tonne ($23.1/t) for sales over August 21-31, according to a company announcement on Saturday. Meanwhile, the leading long-steel producer also reduced prices of wire rod and bar-in-coil by…