China’s largest private steel maker – Shagang Steel has raised long steel price by RMB 50 ($7) for early Aug’20 deliveries. Revised offers are as follows: rebar (HRB 400, 16-25mm) – RMB 3,900/t, wire rod (HPB 300) – RMB 3,960/t, coiled rebar – (HRB 400, 8-10mm) – RMB 4,000/t (inclusive of VAT).
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