China: Shagang Steel raises construction steel prices by $7/t for late-Nov’22 sales

China’s Shagang Steel has raised rebars, wire rods and coiled rebars prices by RMB 50/t ($7/t), for late-Nov’22 sales. Effective prices-

• Rebars (16-25 mm): RMB 3,950/t ($552/t)
• Wire rods (6-10 mm): RMB 4,360/t ($609/t)
• Coiled rebars (8-10 mm): RMB 4,450/t ($621/t).