Tag: China: Shagang Steel hikes long steel prices by RMB 50/t ($7/t) for early-May’24

China’s Shagang Steel has hiked long steel prices by RMB 50/t ($7/t) w-o-w for early-May’24 sales. Notably, the company had previously increased long steel prices for late-Apr’24 sales as well. Effective prices: Rebar (16-25 mm): RMB 4,020/t ($557/t) Wire rod (6-10 mm): RMB 4,070/t ($564/t) Coiled rebar (8-10 mm): RMB 4,060/t ($563/t) All prices are…