Chinese steelmaker Shagang Steel has raised its rebar price by RMB 50 for mid-Jan sales, effective from 11 Jan ’21. Revised offer for rebar (16-25mm) stands at RMB 4,700/t. Meanwhile, offers for wire rod and coiled rebar have been kept unchanged. Current offer for wire rod (16-25mm) is at RMB 4,860/t and coiled rebar (8-10mm) is at RMB 4,900/t. All prices are on ex-mill basis.
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