Author: Lalita
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China’s Shagang hikes long steel prices by up to RMB 250/t ($39)
Chinese steelmaker, Shagang Steel, has revised its long steel prices upwards on 21 Jul’21 for late-Jul sales. Rebar prices have moved up by RMB 250/t, while those for wire rod and coiled rebar by RMB 200/t. All prices are on ex-mill basis, including taxes. Rebar (16-25mm) is at RMB 5,550/t ($857) Wire rod (6.5mm) is…