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Chinese steelmaker Shagang Group announced to rise its rebar prices by RMB80/ton for deliveries in January.
After the adjustment, its ex-work prices for HRB400 rebar with diameters of 16mm-25mm will be at RMB1,900/ton.
In addition, ex-work prices for HPB400 grade wire rods with diameters of 8mm-10mm will be RMB2,060/ton.
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