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China’s Shagang Steel slashes long steel prices by RMB 600/t ($94)
One of China’s leading steel producers and the country’s largest private steel enterprise, Shagang Steel, has cut construction steel prices by RMB 600/t ($93.75) for early-Nov’21 sales. Below are revised prices which will come into effect from 1 Nov. Rebar (16-25mm): RMB 5,550/t ($867) Wire rod (6-10mm): RMB 5,660/t ($884) Coiled rebar (8-10mm): RMB 5,750/t…