Shagang adds $9/t on longs prices for mid-Nov sales

China’s Shagang Group, the country’s largest privately-owned steelmaker, has decided to lift all its long steel sales prices for the period of November 11-20, according to the company’s latest pricing policy released on Monday. The longs comprise rebar, wire rod and bar-in-coil.
With its prices higher by Yuan 60/tonne ($8.6/t) apiece, Shagang is now offering its HRB400 16-25 dia rebar at Yuan 3,860/t, its HPB300 6-10mm high-speed wire rod at Yuan 4,220/t, and for HRB400 8-10mm bar-in-coil it’s now Yuan 4,260/t. All prices are in terms of EXW and including 13% VAT,


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