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

China’s Shagang Steel has kept prices for rebar, wire rod, and coiled rebar unchanged for its mid Sep’24 sales. Effective prices are as follows:

• Rebar (16-25 mm): RMB 3,500/t ($492/t)
• Wire rod (6-10 mm): RMB 3,420/t ($481/t)
• Coiled rebar (8-10 mm): RMB 3,510/t ($494/t)

All prices are ex-mill, including VAT.