China: Shagang Steel hikes rebar price by RMB 200 ($31) for Dec-end

China’s leading steelmaker Shagang Steel has raised its rebar price by RMB 200 for Dec-end sales, effective from 21 Dec ’20. Revised offer for rebar (16-25mm) stands at RMB 4,500/t. Meanwhile, offers for wire rod and coiled rebar remained unchanged. Current offer for wire rod (16-25mm) is at RMB 4,710/t and coiled rebar (8-10mm) is at RMB 4,750/t. All prices are on ex-mill basis.