Chinese Shagang Group to Cut Rebar, Wire Rod Prices

  • Friday, December 18, 2015
  • Source:ferro-alloys.com

  • Keywords:Steel
[Fellow]Chinese steelmaker Shagang Group announced to lower its rebar prices by RMB50~90/ton for deliveries in mid-December.

Chinese steelmaker Shagang Group announced to lower its rebar prices by RMB50~90/ton for deliveries in mid-December. 

After the adjustment, its ex-work prices for HRB400 rebar with diameters of 14mm-25mm will be at RMB1,790/ton, down by RMB90/ton. 

In addition, ex-work prices for HPB400 grade wire rods will be RMB1,950/ton, reducing by RMB50/ton from the previous price.

 

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