China's Shagang sharply lifts long steel prices as spot market soars

East China’s Shagang has hiked its long steel prices for early December to reflect the recent surge in the domestic spot market.

The mill will raise its HRB400 16-25mm rebar by 500 yuan per tonne from its previous price to 4,800 yuan ($726) per tonne over the December 1-10 period,...

Published

Jessica Zong

December 01, 2017

02:55 GMT

Shanghai