Author: Lalita
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China: Shagang Steel rolls over long steel prices for early-Dec’21 sales
Shagang Steel has kept its construction steel prices unchanged for early-Dec’21 sales effective from 1 Dec’21. Rebar 16-25mm: RMB 4,800/t ($752/t) Wire rod 6-10mm: RMB 5,060/t ($793/t) Coiled rebar 8-10mm: RMB 5,150/t ($807/t) All prices are on ex-mill basis. Although property market sentiments have improved a bit, real demand from the construction sector is still…