Shagang rolls over long steel prices for late Jan sales
Jan 21, 2020 18:15
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Shagang Group, China’s largest private steel producer in East China’s Jiangsu province, announced on Tuesday it is rolling over all its long steel prices for sales over January 21-30, amid the steel-market stability overall ahead of the week-long Chinese New Year (CNY) holiday beginning January 24.
Therefore, Shagang will continue to offer its HRB400 16-25mm dia rebar priced at Yuan 3,880/tonne ($563/t), its HPB300 6-10mm high-speed wire rod at Yuan 3,890/t and its HRB400 8-10mm bar-in-coil at Yuan 3,930/t, all in terms of EXW and including the 13% VAT.
In its prior pricing term for January 11-20