Category: Rebar
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China: Shagang Steel cuts long steel prices by $7/t for late-Aug’26 sales
Weak construction demand keeps buying activity subdued Elevated inventories continue to pressure mill margins China’s Shagang Steel has reduced its long steel prices by RMB 50/t ($7/t) for sales during 21-31 August, as weak construction demand and elevated inventories continue to weigh on the domestic market. The producer lowered its rebar (16-25 mm) price to…