China’s Shagang Steel has increased long steel product prices for mid-Mar’22 sales amidst bullish global sentiments and the rise in raw material costs. Effective prices from today:
- Rebar (16-25 mm): RMB 5,200/t ($822/t)
- Wire rods (6-10 mm): RMB 5,310/t ($840/t)
- Coiled rebar (8-10 mm): RMB 5,400/t ($854/t)
All prices are on ex-mill basis, including VAT.
Leave a Reply