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Chinese steelmaker Shagang Group announced to raise its rebar prices by RMB50/ton for deliveries in late January. 

After the adjustment, its ex-work prices for HRB400 rebar with diameters of 16mm-25mm will be at RM1,950/ton. 

In addition, ex-work prices for HPB400 grade wire rods will be RMB2,110/ton, increasing by RMB50/ton from the previous price.

• [Editor:Chen Zhen Seng]