One of China’s leading steel producers and the country’s largest private steel enterprise, Shagang Steel, has cut construction steel prices for mid-Nov’21 sales. Below are revised prices to come into effect from 11 Nov.
- Rebar (16-25mm): RMB 5,100/t ($796), down RMB 450/t
- Wire rod (6-10mm): RMB 5,260/t ($821), down RMB 400/t
- Coiled rebar (8-10mm): RMB 5,350/t ($835), down RMB 400/t
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