It's reported that the Chinese steelmaker Shagang announced to raise its rebar prices by RMB80/ton for deliveries over December 1-10
After the adjustment, its prices for HRB400 rebar with diameters of 16mm-25mm are at RMB3, 760/ton those for HPB300 wire rods with diameter of 6.5mm are at RMB3, 660/ton, with 17% VAT.