Shagang Group increased its construction steel prices by RMB 50 for early Jun’20. The new price for HRB (16-25mm) rebar is at RMB 3,800/MT ex-mill. HPB 300 (6.5mm) plain carbon wire rod is priced at RMB 3,860/MT ex-mill and HRB 400 (8-10mm) coiled rebar is offered is at RMB 3,900/MT ex-mill.
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