China: Shagang Steel rolls over construction steel prices for mid-Aug’22 sales

China’s Shagang Steel has rolled over long steel products prices for mid-Aug’22 sales. Effective prices-

• Rebar (16-25 mm): RMB 4,500/t ($667/t)
• Wire rods (6-10 mm): RMB 4,510/t ($669/t)
• Coiled rebar (8-10 mm): RMB 4,600/t ($682/t)

All prices are on ex-mill basis, including VAT.