Chinese Shagang Group to Cut Rebar, Wire Rod Prices

  • Thursday, October 15, 2015
  • Source:ferro-alloys.com

  • Keywords:Steel
[Fellow]Chinese steelmaker Shagang Group announced to lower its rebar prices by RMB40/ton for deliveries in mid-October.

Chinese steelmaker Shagang Group announced to lower its rebar prices by RMB40/ton for deliveries in mid-October. 

After the adjustment, its ex-work prices for HRB400 rebar with diameters of 14mm-25mm will be at RMB2,000/ton. 

In addition, ex-work prices for HPB400 grade wire rods will be RMB2,160/ton, reducing by RMB30/ton from the previous price.

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