Tag: China: Shagang Steel reduces long steel prices by $14/t for early-July’24

China: Shagang Steel reduces long steel prices by $14/t for early-July’24

Jul 1, 2024

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by

Snehal Govardhan

in HRC

China’s Shagang Steel has reduced long steel prices by RMB 100/t ($14/t) for early-July’24 sales. Effective prices: Rebar (16-25 mm): RMB 3,870/t ($532/t) Wire rod (6-10 mm): RMB 3,820/t ($526/t) Coiled rebar (8-10 mm): RMB 3,910/t ($538/t) All prices are ex-mill, including VAT.