Shagang hikes rebar prices

SteelOrbis Shanghai On June 1, Shagang announced the ex-factory prices for the first ten days of June. Rebar price was hiked by RMB 80/mt ($10). The new ex-factory prices of 14-25 mm dia. HRB335 rebar is RMB 3,380/mt ($421). Wire rod prices remained unchanged. The ex-factory price of 6.5 mm Q235 high speed wire rod is RMB 3,600/mt ($449).