Author: Lalita
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China: Shagang Steel cuts rebar prices by RMB 200/t ($31)
China’s Shagang Steel has revised its rebar prices while keeping wire rod and coiled rebar prices unchanged for mid-Aug’21 sales. Current prices are: Rebar (16-25mm): RMB 5,500/t ($849) Wire rod (6.5mm): RMB 5,860/t ($907) Coiled rebar (8-10mm): RMB 5,850/t ($905) Effective from 11 Aug, all prices are ex-mill, including taxes.