China: Shagang Steel keeps long steel prices stable for mid-Nov’24

China’s Shagang Steel has kept its long steel products’ prices unchanged for mid-Nov’24 sales. Prices of rebars, coiled rebars, and wire rods were stable w-o-w. Effective prices stood at:

• Rebar (16-25 mm): RMB 3,850/t ($536/t)
• Coiled rebar (8-10 mm): RMB 3,860/t ($537/t)
• Wire rod (6-10 mm): RMB 3,770/t ($525/t)