China: Shagang Steel rolls over long steel prices for mid-Dec'24
China's Shagang Steel has kept prices of its long steel products - rebars, coiled rebars, and wire rods - unchanged for mid-Dec'24 sales. Notably, the company rolled over tags in its previous revision as well. Effective prices now stand at:
- Rebar (16-25 mm): RMB 3,700/t ($509/t)
- Coiled rebar (8-10 mm): RMB 3,710/t ($511/t)
- Wire rod (6-10 mm): RMB 3,620/t ($498/t)