It's reported that the Chinese steelmaker Shagang announced to cut its rebar ex-work prices by RMB80/ton for deliveries during September 21-30. After the adjustment, its prices for HRB400 rebar with diameter 16-25mm are at RMB3, 580/ton, including 17% VAT. Meanwhile, the company cut its prices for HPB300 wire rods by RMB50/ton to RMB3, 640/ton, 17% VAT included.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=66358&division=A4
