According to media report, Chinese Shagang, the largest steel manufacturing privately-owned company in China made it public its steel price policy for long steel products for mid November 2012, effective from November 11, in connection with its early November price policy.
The company offers HRB335 deformed bar with 16mm to 25mm at the prices of RMB3, 850/ton and HRB400 16mm to 25mm rebar at RMB3, 950/ton.
Meanwhile, its 8mm HRB400 coiled rebar ex-works price has reached the level of RMB3,950/ton and its 6.5mm HPB235 wire rod ex works price has surged to RMB3,850/ton.