Tag: China: Shagang Steel hikes rebar prices by $14/t for late-Sep’24

China’s Shagang Steel has announced a price hike for their rebar products for late-Sep’2024 sales. Prices for both standard and coiled rebars have increased by RMB 100/t ($14/t). However, wire rod prices have remained stable. Effective prices: Rebar (16-25 mm): RMB 3,600/t ($511/t) Coiled rebar (8-10 mm): RMB 3,610/t ($512/t) Wire rod (6-10 mm): RMB…