China: Shagang Steel raises rebars prices by RMB 50/t ($7/t) for mid-Mar’23 sales

China’s Shagang Steel has raised rebar and coiled rebars prices by RMB 50/t ($7/t) while prices for wire rods remained unchanged for mid-Mar’23 sales. Effective prices are thus:

• Rebars (16-25 mm): RMB 4,450/t ($646/t)
• Wire rods (6-10 mm): RMB 4,560/t ($662/t)
• Coiled rebars (8-10 mm): RMB 4,700/t ($682/t).