China’s Shagang Steel has reduced rebar prices by RMB 100 ($14/t) and wire rod and coiled rebar prices by RMB 200/t ($28/t) for late-March’24 sales.
- Rebar (16-25 mm): RMB 3,920/t ($545/t)
- Wire rod (6-10 mm): RMB 3,970/t ($552/t)
- Coiled rebar (8-10 mm): RMB 3,960/t ($550/t)
- All prices are ex-mill, including VAT.