China: Shagang Steel lowers rebar prices by $14/t for late-Oct’22 sales

China’s Shagang Steel has lowered rebars prices by RMB 100/t ($14/t), while wire rods and coiled rebars prices remained unchanged for late-Oct’22 sales. Effective prices-

• Rebars (16-25 mm): RMB 4,100/t ($566/t)
• Wire rods (6-10 mm): RMB 4,310/t ($595/t)
• Coiled rebars (8-10 mm): RMB 4,400/t ($607/t)

All prices are ex-mill, including VAT.