Shagang rolls over long steel prices for late Jan sales

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


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