Tag: China: Shagang reduces construction steel prices by up to $45/t

China: Shagang reduces construction steel prices by up to $45/t

Jul 2, 2022

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by

Suyash Jain

in Rebar

China’s Shagang Steel has reduced long steel prices for early-Jul’22 sales. Effective prices: Rebar (16-25 mm): RMB 4,800/t ($716/t), down RMB 250/t ($37/t) Wire rods (6-10 mm): RMB 4,810/t ($718/t), down RMB 300/t ($45/t) Coiled rebar (8-10 mm): RMB 4,900/t ($731/t), down RMB 300/t ($45/t) All prices are on ex-mill basis, including VAT.