Tag: China: Shagang Steel hikes rebar prices by $50/t for early-Oct’24

China’s Shagang Steel has announced a price hike for their long steel products for early-Oct’24 sales. Prices of rebars, coiled rebars, and wire rods are up by RMB 350/t ($50/t). Effective prices stood at: Rebar (16-25 mm): RMB 3,950/t ($559/t) Coiled rebar (8-10 mm): RMB 3,960/t ($561/t) Wire rod (6-10 mm): RMB 3,870/t ($548/t) All…