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China Shagang Steel lowers its rebar price

China's leading steelmaker Shagang Group has reduced its rebar price for sales through November 20.

14.11.2022 - 11:00

China Shagang Steel lowers its rebar price

China's leading steelmaker Shagang Group has reduced its rebar price for sales through November 20.

Prices; The price of 16-35mm rebar is $552, 6-10mm wire rod price is around $610.

Shagang's latest decision indicated that China's construction steel demand may remain low in the short term due to the occasional COVID outbreaks in some regions across the country.

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