China: Shagang Steel cuts rebar prices by RMB 200/t ($31)

China’s Shagang Steel has revised its rebar prices while keeping wire rod and coiled rebar prices unchanged for mid-Aug’21 sales. Current prices are:

• Rebar (16-25mm): RMB 5,500/t ($849)
• Wire rod (6.5mm): RMB 5,860/t ($907)
• Coiled rebar (8-10mm): RMB 5,850/t ($905)

Effective from 11 Aug, all prices are ex-mill, including taxes.