Chinese Shagang Group to Raise Rebar, Wire Rod Prices

[Fellow][Ferro-Alloys.com]Chinese steelmaker Shagang Group announced to raise its rebar prices by RMB300~350/ton

[Ferro-Alloys.com]Chinese steelmaker Shagang Group announced to raise its rebar prices by RMB300~350/ton for deliveries in mid-March.

After the adjustment, its ex-work prices for HRB400 rebar with diameters of 16mm-25mm will be at RM2,280/ton.

In addition, ex-work prices for HPB400 grade wire rods will be RMB2,470/ton, increasing by RMB300/ton from the previous price.

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