China: Shagang Steel cuts long steel prices by $29/t for mid-Sept’22

China’s Shagang Steel has decreased long steel prices by RMB 200/t ($29/t) for mid-Sept’22 sales. Effective prices-

• Rebar (16-25 mm): RMB 4,200/t ($607/t)
• Wire rods (6-10 mm): RMB 4,310/t ($623/t)
• Coiled rebar (8-10 mm): RMB 4,400/t ($636/t)

All prices are on ex-mill basis, including VAT.