China: Shagang Steel raises rebars prices by $30/t for early-Feb’23 sales

China’s Shagang Steel has raised rebars prices by RMB 200/t ($30/t), while wire rods and coiled rebars prices increased by RMB 150/t ($22/t) for early-Feb’23 sales. Effective prices:

• Rebars (16-25 mm): RMB 4,400/t ($652/t)
• Wire rods (6-10 mm): RMB 4,560/t ($676/t)
• Coiled rebars (8-10 mm): RMB 4,650/t ($689/t).