Tag: China: Shagang Steel cuts long steel prices by $14/t for early-Jan’25 sales

China’s Shagang Steel has reduced its long steel product prices for early-Jan’25 sales after keeping them stable in late-Dec’24. Prices of rebars, coiled rebars, and wire rods dropped by RMB 100/t ($14/t). Effective prices are as follows: Rebar (16-25 mm): RMB 3,600/t ($493/t) Coiled rebar (8-10 mm): RMB 3,610/t ($495/t) Wire rod (6-10 mm): RMB…