Tag: China: Shagang Steel cuts long steel prices upto $14/t for mid-Aug’24

China’s Shagang Steel has reduced long steel prices for rebar by RMB 70/t ($10/t). On the other hand, wire rod and coiled rebar offers decreased by RMB 100/t ($14/t) for mid-Aug’24 sales. Effective prices: Rebar (16-25 mm): RMB 3,550/t ($494/t) Wire rod (6-10 mm): RMB 3,470/t ($483/t) Coiled rebar (8-10 mm): RMB 3,560/t ($496/t) All…