Author: Lalita
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China: Shagang Steel cuts long steel prices by up to RMB 400/t ($63)
China’s Shagang Steel has decreased its construction steel prices for early-June’21 sales, effective from 01 June’21. All prices are on ex-mill basis, inclusive of taxes. Rebar (16-25 mm) price is at RMB 5,500/t ($863) (-RMB 350) Price of wire rod (6-10mm) is at RMB 5,610/t ($881) (-RMB 400) Coiled rebar (8-10 mm) price is at…