Chinese Shagang Group to Cut Rebar, Wire Rod Prices

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Chinese Shagang Group to Cut Rebar, Wire Rod Prices

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

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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.

[Editor:Sophie]

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