Author: Sakeena Rizvi

China’s Shagang Steel has reduced its long steel products’ prices for late-Nov’24 sales after keeping them stable in mid-Nov’24. Prices of rebars, coiled rebars, and wire rods dropped by RMB 150/t ($21/t). Effective prices stood as follows: Rebar (16-25 mm): RMB 3,700/t ($511/t) Coiled rebar (8-10 mm): RMB 3,710/t ($512/t) Wire rod (6-10 mm): RMB…