China’s Shagang Steel has increased long steel prices by RMB 50/t ($7/t) w-o-w for late-Apr’24 sales. Effective prices:
- Rebar (16-25 mm): RMB 3,970/t ($548/t)
- Wire rod (6-10 mm): RMB 4,020/t ($555/t)
- Coiled rebar (8-10 mm): RMB 4,010/t ($554/t)
- All prices are ex-mill, including VAT.