Tag: China: Shagang Steel lowers rebars prices by $14/t for early-Nov’22 sales

China’s Shagang Steel has lowered rebars prices by RMB 100/t ($14/t), while wire rods and coiled rebar prices remained flat for early-Nov’22 sales. Effective prices- Rebars (16-25 mm): RMB 4,000/t ($550/t) Wire rods (6-10 mm): RMB 4,310/t ($593/t) Coiled rebars (8-10 mm): RMB 4,400/t ($606/t) All prices are ex-mill, including VAT.